JEFFERIES: Nintendo's road to huge profits won't come from its console games

Nintendo just announced a retro console, but it won't be what makes the company money in the long run.
Analysts at Jefferies believe that mobile gaming will be the ultimate path to huge profits for Nintendo.
"While most investors have written off Nintendo's mobile game business, our recent meeting with Nintendo management has convinced us that if anything, Nintendo is doubling down on the mobile game business while making prudent changes to its mobile game plan," Jefferies said in a note to cli