Nintendo President Satoru Iwata is usually the one conducting interviews for Nintendo, and has become well known for his positive perspective and easy-going personality as the host of Nintendo.com's on-going Iwata Asks column.

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Whenever the tables are turned on him, though, it seems his anger can ignite in a flash."Absolutely not" was the President's response when Japanese newspaper Nikkei asked him the question that investors have been hammering on for months now – will Nintendo shift development resources to mobile gaming and start developing for smartphones?"This is absolutely not under consideration," replied Iwata. "If we did this, Nintendo would cease to be Nintendo. Having a hardware development team in-house is a major strength. It's the duty of management to make use of those strengths. It's probably the correct decision in the sense that the moment we started to release games on smartphones we'd make profits. However, I believe my responsibility is not to short term profits, but to Nintendo's mid and long term competitive strength."The question was poised in an interview Nikkei conducted with President Iwata after the conclusion of today's Nintendo 3DS press event – where, it seems, investors were not impressed by the wave of new game announcements. Stocks took another 5% tumble after the conference closed, as they seem to do in the wake of any major Nintendo announcements these days.So it seems like relations between Nintendo and its stockholders aren't going to be getting better any time soon. This issue of smartphone development feels immovable at the moment.President Iwata seems unfazed, though, as he's certain that Nintendo's way of thought will prove itself in the end – when the physical media software business comes through with strong sales numbers again through the holiday season ahead. If that happens, expect to see Iwata smiling, laughing and conducting even more lighthearted Iwata Asks interviews.And if it doesn't? Well, we might not like him when he's angry.Thanks tofor the translation and summary of the Nikkei interview.