I disagree. Gamestop basically makes nothing on New game sales. It’s a service they offer just to get people into the store. Gamestop cash cow is the used games business.
Nintendo is seeing the majority of their sales through the digital storefront. This is accessible to everyone directly from the eshop built into the console. If Gamestop disappears, Target, Walmart, Best Buy and Amazon would immediately absorb all of Gamestop’s market share of New Game sales. And Nintendo couldn’t care less about the disappearance of used game sales, it earns them zero money.
So in short, GameStop needs Nintendo. But Nintendo doesn’t need GameStop