Valve and Nintendo have no working relationship. There is an approximately 0% chance that Nintendo, as a game publisher, will ever publish on Steam. This is a pessimistic move by the legal department, nothing more.
Apart from this being false as mentioned by other replies, Nintendo is a large player in the space with a big legal department. It could be a good strategic move not to piss them off.
isnt that the sane option just keep the steam price higher than your own price and people would mostly prefer to buy directly to save money, then you get the exposure from steam but you can convert them to your platform.
I think there's some limit to that; Nintendo could sell the new Zelda for $250 on Steam and get some takers, but it won't make them more money just make them look greedy.
They changed after they exited the console market.
If Nintendo ever exit the console market then we can have that conversation about Nintendo IP on Stream. But if that happens, and it is a massive IF, that’s not going to happen for a long time.
They were dipping toes in the water even before their console market exit. Specifically, Comix Zone in 1995 [0], as well as Sonic CD and Virtua Fighter PC in 1996[1]
[0] - There were other Sega games published in 1995, but the examples I mention are titles specifically developed in house by Sega rather than titles by a 3rd party that they published.
[1] - Politely ignoring that whole NV1 debacle here, since it was in the end a very niche card.
I don't see there being a 0% chance (though admittedly a low one) that they bundle some of their back catalogue with an emulator and release the titles on PC (like Sega on Android/iOS).
If they think the value of those sales would exceed the value added to the switch of eg Mario kart 64 being exclusive, then it'd make sense.
Nintendo only sells hardware because of exclusive titles. I think it's also unlikely that anyone on PC will pay $90 for a new title more than 3 months after release.
Sony has shown that people are willing to pay $50-60 for games that are a few years old but newly released on PC. See God of War, Horizon, Spider-Man, and I think there were a few more too.