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Submitted by PopRocks359 1118d ago | news

Satoru Iwata Lays Out Three Factors That Led To Nintendo’s First-Ever Operating Loss

During an interview with The Independent, Nintendo president Satoru Iwata explained the factors that led to Nintendo’s first-ever operating loss, which was recorded earlier this year. The first reason, Iwata explains, is that Nintendo is preparing to launch a brand-new console – the Wii U. According to Iwata, it is normal to experience losses during a transition period. (3DS, Industry, Nintendo, Wii U)

miyamoto  +   1118d ago
I say it is impossible they didn't see these coming.
Jadedz  +   1118d ago
Makes sense
$250 seemed a little excessive to me (although it came did come bundled with a 2 gig sd card, 2 gigs of flash of memory, pre-installed software, the ability to play NDS software, and a pack of AR cards).
mike1up  +   1118d ago
Why is Iwata giving so many interviews?

Don't get me wrong, clarification is always good, but Iwata is a CEO! He shouldn't be doing this. Get a "PR boy" like Reggie to say this stuff.

I am not trying to be negative, but these interviews just seem overly apologetic. Imo it shows signs of weakness.
#3 (Edited 1118d ago ) | Agree(6) | Disagree(1) | Report | Reply
Qrphe  +   1118d ago
Probably a cultural thing I'd say. I'm pretty sure Iwata doesn't see it as a weakness and more of direct way of communicating with the community.
hitenmitenritenshite   1118d ago | Spam
malypso  +   1118d ago
Nintendo has recovered from this loss and will learn from its mistake. The goal is to find the sweet-spot, and I think that having two choices, the 3DS and the 3DSXL, will defiantly offset the loss. If they manage to price the Wii U at a decent enough price, ($249.99-$349.99) they will gain some decent momentum. They also know that software is a big factor in keeping the momentum going.
yabhero  +   1117d ago
I feel like Nintendo ignores me sometimes...

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