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I don't think Apple wants to get into the content biz — and owning a game company would do that. Unlike amazon they're pretty smart about not getting into content. Of course if Disney were to buy Nintendo that would be a brilliant idea...
Terrible idea. Nowhere does this explain how Apple would profit from such an acquisition.

Apple doesn't know anything about games. They would have to rely on Nintendo to figure that out, but Nintendo is losing lots of money right now so Nintendo doesn't have the answers.

Looking at pure quantitative analysis, Nintendo in a very good quarter might make $4 billion in revenue (mind you that this is not all profits and they are currently not making this). Apple makes over $40 billion in revenue right now. Seems like a lot of risk for both purchase price and company absorption costs for so little impact on Apple's bottom line.