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Satoru Iwata implies he may resign if operating income target for next FY is not met

Nintendo is understandably in a lot of pressure after revising the forecast for the Wii U and 3DS.

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Thatguy-3101209d ago

It won't so he better start packing his suit case lol In honesty what is saving Nintendo right now is the 3ds. They need to go harder with the wii u and show why it's a must have system. Think what they will end up doing is just let the exclusives speak for themselves like sony did. That's what truly helped the PS3 and I honestly think Nintendo will do the same because of its strong franchises. I'm honestly just waiting for the next super smash game to purchase the wii u.

G-cis1209d ago

"honesty what is saving Nintendo right now is the 3ds."

and those billions of dollars from wii/DS era,and hwo else deserve the credit if not iwata?

Grap1209d ago

I just can't believe he approved a console that is inferior of last gen.

herbs1209d ago PersonalAttacksShow
MurDocINC1209d ago

Nintendo's downfalls is in their values. They have everything to steam roll the market, but they choose to be goody two shoes and not sell at loss.

+ Show (1) more replyLast reply 1209d ago
user39158001209d ago

Too serious actually, I kind of like him cause hes not the type that comes up bullish like regie ugh... Nintendo its in serious trouble, they are looing 21 dollars per console of wiiu, third support its falling apart cause they dont consider the console 4th gen. People are not buying their wiiu and they had to drop forecast, taking into consideration, that most forecast are conservative low balling its number for positive feedback in stock. It did not work, this is the second time they drop forecast cause they can manufacture, but they cant sale as fast. I dont care if they sale or not, I will support nintendo and I will play their first party games, but Im also someone that knows the wii-u its a last gen console.

linkenski1209d ago

And the whole "tablet" selling point doesn't really impress the major audience, to the same extent that the Wii did with motion controls.
After Wii, all sorts of devices and other gaming hardware did the same thing.
Wii U takes something that was already popular and applies it to gaming, so it's not as innovative in that regard.

The main thing the Wii U can do that other consoles or tablets can't in the same style is assymetric gameplay, but that can't be forced unto every game.

3-4-51209d ago

Nintendo.

Start selling GBA & SNES games on the VC's for both Wii U & the 3DS.

This will make you millions.

Your welcome.

Mounce1208d ago

I read the article and all I saw was this:

"It's not selling well, we'll do our best to pump a shit load of Zelda/Mario games and hope sales pick up by doing this"

Honestly....even though that's what fans want, it's desperate, sad and in all ways possible the most uncreative thing any company could say or do.

+ Show (1) more replyLast reply 1208d ago
Donnieboi1209d ago

This might be a good thing!

Nintendo before Iwata became president: NES, Snes, N64 (had core games, new IP's, 3rd party love)

Nintendo AFTER Iwata became president: GameCube (purple box lol), Wii (soccer mom toy), Wii U (not clear who this is for). [During his reign we got a million mario rehashes, tons of ports of OLD Nintendo games instead of new ones; abandonment of the core audience; casual focus; gimmicks; weak 3rd party support, rehashes of old franchises, very few new IP's)

Iwata should retire. Give the job to someone else.

lilbroRx1209d ago (Edited 1209d ago )

False. The previous president brought in the Gamecube and created its concept of focusing solely on games and nothing else which is where they started to lose 3rd party support, not Iwata. Iwata just inherited the position during its time.

The Wii and the DS were the first systems to come in under Iwata and they were a huge success. So is the 3DS.

This is the first time Iwata's product hasn't immediately swept the planet. Considering that its only been 2 months, having only "slightly above average" sales as opposed to blockbuster unstoppable sales like the Wii is not really a bad ting.

As everyone says, people are just waiting for the games to come out and/or a price drop, nothing more. Then it will be the same as the 3DS.

The main reason that Nintendo doesn't get all of the third party support they used to is that the other companies made it all about buying exclusives, and Nintendo refused to do that.

Minato-Namikaze1209d ago

Lilbrorx I don't think you are understanding what donnie is saying. I haven't touched my wii in almost 2 years, won't be buying a wii-u until ninty shows me sustained loyalty to the core gamer.

Donnieboi1209d ago

No, even though Gamecube wasnt Iwata's idea, he certainly played a part in the oversaturation of mario. A system is only as good as it's games, so THAT is why GC suffered. GC tech was top notch at the time, but Iwata's prideful dependence on 1st party games is what alienated Nintendo from 3rd parties. The trend only got worse with wii and Wii U.

Also, the PORTABLE department of the company runs mostly independantly from the console portion. THAT is why Iwata suddenly wants to combine both departments: because he failed at the console portion, and wants to refocus the creative management talents who ran the DS and 3DS so they can try to save the Wii U and thus help Iwata save face.

G-cis1209d ago (Edited 1209d ago )

@donnieboi

iwata became the president @ 2003,at that time ,GC is pretty much on its deathbed

"GC tech was top notch at the time, but Iwata's prideful dependence on 1st party games is what alienated Nintendo from 3rd parties"

capcom 5 says hi

"and thus help Iwata save face. "
what? He acknowleges that there is a problem, and that something needs to be done about it instead of going "Hurr durr, Wii U R exceeding expectations. We could not be happier"

They dont try to sugar coat or spin the situation to investors. Nor do they sell buildings to soften the blow of their losses, and trick investors into thinking they made a "profit".

This is how its done.

Qrphe1208d ago (Edited 1208d ago )

But Iwata brought the company into a much greater profit margin with the Wii AND DS, hell, none of their previous consoles had EVER sold nearly as much as they did with him.

Even the 3DS is selling better than anything pre-DS. Watch a price-cut on the Wii U under his guidance in the next months (probably around PS4/720 announcements) and watch the Wii U sales skyrocket.

+ Show (1) more replyLast reply 1208d ago
HarryMasonHerpderp1209d ago

Don't be dissing the GameCube.
It was a damn fine console.

wishingW3L1209d ago

GC was one of the worst consoles of all times.

Y_51501209d ago

NO! Who will be the guy to stare at a banana for absolutely no reason while during a presentation?

OmegaSlayer1209d ago

Great, so Nintendo will sink even deeper.

SpartanGR1209d ago (Edited 1209d ago )

Make it happen might be a good thing indeed. And maybe next nintendo console won't be a overpriced piece of sh..

G-cis1209d ago

its never an overpriced piece of sh*t

bicfitness1209d ago (Edited 1209d ago )

Just to play Devil's advocate, he didn't actually imply that.

This is the quote used in the article:

"We feel greatly accountable for this severe outlook. We plan to actively release our key titles for Nintendo 3DS which could potentially lead the markets this year."

And that "achieving it was his commitment."

Okay. No where, in those statements does Iwata infer or imply that he will resign if next quarter's results continue to slip or are not met, just that he is committed to achieving them. I'm not a Nintendo fan, but I strongly disapprove of this sort of contortionist journalism. Twisting a story out of nothing.

Smurf11209d ago

He implied that during an investor call. He wants to hit $1 billion operating income target.

bicfitness1209d ago (Edited 1209d ago )

Yes, but he never said that he would step down if that target was not met. Those words, or sentiments like them were never uttered. That is an assumption (granted, one based on common practice in Japanese business) put forth by whoever made this piece.

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