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Submitted by Smurf1 1103d ago | news

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. (3DS, Industry, Nintendo, Satoru Iwata, Wii U)

t0mmyb0y  +   1103d ago
Must be serious >.>
dboyc310  +   1103d 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-cis  +   1103d 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?
Grap  +   1103d ago
I just can't believe he approved a console that is inferior of last gen.
herbs   1103d ago | Personal attack | show
MurDocINC  +   1103d 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.
user3915800  +   1103d 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.
linkenski  +   1103d 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.
3-4-5  +   1103d ago

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

This will make you millions.

Your welcome.
Mounce  +   1102d 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.
Donnieboi  +   1103d 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.
lilbroRx  +   1103d 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.
#2.1 (Edited 1103d ago ) | Agree(11) | Disagree(17) | Report | Reply
Minato-Namikaze  +   1103d 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.
Donnieboi  +   1103d 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-cis  +   1103d ago

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.
#2.1.3 (Edited 1103d ago ) | Agree(5) | Disagree(5) | Report
Qrphe  +   1102d 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.
#2.1.4 (Edited 1102d ago ) | Agree(2) | Disagree(1) | Report
HarryMasonHerpderp  +   1103d ago
Don't be dissing the GameCube.
It was a damn fine console.
wishingW3L  +   1103d ago
GC was one of the worst consoles of all times.
Y_5150  +   1103d ago
NO! Who will be the guy to stare at a banana for absolutely no reason while during a presentation?

Related image(s)
OmegaSlayer  +   1103d ago
Great, so Nintendo will sink even deeper.
SpartanGR  +   1103d ago
Make it happen might be a good thing indeed. And maybe next nintendo console won't be a overpriced piece of sh..
#4 (Edited 1103d ago ) | Agree(6) | Disagree(11) | Report | Reply
G-cis  +   1103d ago
its never an overpriced piece of sh*t
bicfitness  +   1103d 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.
#5 (Edited 1103d ago ) | Agree(13) | Disagree(1) | Report | Reply
Smurf1  +   1103d ago
He implied that during an investor call. He wants to hit $1 billion operating income target.
bicfitness  +   1103d 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.
#5.1.1 (Edited 1103d ago ) | Agree(8) | Disagree(2) | Report
EffectO  +   1103d ago
$1 billion profit goal,what?
He will have hard time reaching that,but it kinda tells how much money Nintendo makes.
Honky Kong  +   1103d ago
i dont get the title?
Kennytaur  +   1103d ago
Fiscal Year.
lilbroRx  +   1103d ago
Seems I made the mistake of using facts in favor of Nintendo on an article that proposes something negative.

I should have known better. These articles are havens for anti-Nintendo trolls and the bitterest of sony fanboys. Doesn't matter if its true or not with them. You can't speak positive of Nintendo or negatively of sony in any form.
#8 (Edited 1103d ago ) | Agree(7) | Disagree(10) | Report | Reply
Dread  +   1103d ago
you definitely cant speak negative of sony in N4G

I give you that much.
EffectO  +   1103d ago
Don't worry,the same shit will hit Sony too.We shall see how resistant they are but I have a feeling that n4g will be melting left and right over PS4 Japan performance.Things have changed a lot since 2005...
Funky_Homosapien  +   1103d ago
Wait so you guys are complaining that he created a casual console(wii) that was the world best selling console? Before the WII nintendo was so behind in sales with gamecube and n64 compared to playstation.
#9 (Edited 1103d ago ) | Agree(0) | Disagree(6) | Report | Reply
Root  +   1103d ago
Yeah we don't care about sales though, Nintendo back then were amazing.

Ever since the Wii and their high sales they've changed
AJBACK2FRAG  +   1103d ago
but between the Game Cube and the GBA Nintendo made tons of money.
mcstorm  +   1103d ago
What is with all the doom and gloom over the WiiU. How many PS3's did sony move in its 1st 3 months of being sold? The WiiU will be fine and sales will pickup once Microsoft and Sony bring out there next gen consoles as this is when people tend to move to the next gen consoles when everyone has them out.
CPRSJ   1103d ago | Spam
medziarz  +   1103d ago
I don't know what the panic in Nintendo Camp is all about.

The 3DS is going to be a gigantic money maker for them and the bestselling console of all time.

The Wii U is currently sold at a $21 loss but makes up that money when its owner buys a Mario game, which the person usually does. Plus the future will bring a reduction in manufacturing cost for the system and a break-even.
Even if Wii U shares the same fate with GameCube it is still going to be great times for the company.
#12 (Edited 1103d ago ) | Agree(0) | Disagree(2) | Report | Reply
KMCROC54  +   1103d ago
Wouldn't it be easier to for Reggie for over selling without a detailed explanation of what WiiU really is meant to be to the confused masses'.
RuleofOne343  +   1103d ago
*You meant Fire Reggie* Cause my thought were WTF.
OllieBoy  +   1103d ago
Nintendo needs to shake things up. Wii U sales just aren't slow, they're pretty much catastrophic. And the 3Ds is nowhere near the beast that the DS was.

They need to start getting serious about third-party support as well. It's basically non-existent in the west.
wiiulee  +   1103d ago
lol iwata should be relax cause haters will hate but once the games hit, wiiu is ahead to stay for good
MadMen  +   1103d ago
WiiU will be a failure in comparison to Wii sales, he likely will have no choice.
a_adji  +   1103d ago
If anyone of you read the actual article please point out where he implies that he will stand down? sensationalist headline.

it#'s crap journalism like this and every tom and dick having an opinion that is messing up this industry.

Geeks with voices on the internet lol. wow.
DarkBlood  +   1103d ago
nothing to fear on this end, im enjoying the console and looking forward to those upcoming titles announced for it, going to be great times
a_adji  +   1103d ago
It's one of the best and creative consoles in a while.

it has it's faults but I love it.
jacksheen0000  +   1103d ago
Wow, I really feel bad for Nintendo, I really do.
strigoi814  +   1103d ago
go start packing. if sony and MS release their console..wii U shall be removed on the shelves guaranteed
sitharrefus  +   1103d ago
If it happens I hope who ever takes over decides to actually match or surpass its competitors next gen.
TenkoTAiLS  +   1103d ago
I can't believe people still believe these doom articles. It's already well established and proven fact regardless of their recent losses that they have more money in the bank than both Microsoft and Sony's game divisions. And both of those companies make far more than a $21 loss on each system. It's making a mountian out of a mole hill, Nintendo isn't going anywhere. And considering their last year report by outside financial companies said they could take a loss of far more than they are currently for the next...what was it 30 years or something and still be in the black, I don't think they are hurting anywhere near what these articles would have you believe. >.<
#22 (Edited 1103d ago ) | Agree(0) | Disagree(0) | Report | Reply
DivineAssault  +   1103d ago
his ideals are tired already in modern day society..
Thepcz  +   1103d ago
changing market
the problem is not nintendo or iwata. its the rapidly changing technology market.

nintendo were extremely smart with the wiiu, incorporating elements of the tablet. people say its shit and a gimmick, but im sure sony/microsoft will go a similar route.

but the problem is, are people even interested in 'home consoles' anymore? i mean, a handheld was always seen as a slightly 'weak' console you could carry anywhere. but now you have tablets which are very powerful, on par with consoles- that you can take everywhere. so the console is losing relevance.

people bash nintendo and the wiiu, but i predict sony and microsoft will be met with the same 'disappointing' sales figures when they release their next home consoles. that is assuming they take the same form as the consoles currently on the market.

i doubt iwata will resign any time soon.
#24 (Edited 1103d ago ) | Agree(1) | Disagree(1) | Report | Reply
CouldHaveYelledUiiW  +   1103d ago
Fanboyism, Tech-bias (the fastest must be best), conformity, and sabotage...
The problem is the Shareholders - it has very little to do with sales.

Nintendo's stock is under-valued (for a company that made the Wii) no matter what they do-

And the board are looking for a scapegoat to re-invigorating stock market shares.

Like making closing a business and then saying "Under New Management" or "Re-Grand Opening".

The Nintendo shares are kept down by people like Pachter who advise non-gamer brokers what Electronic Companies to invest in.
Also, journalist.

Fanboyism, Tech-bias (the fastest must be best), conformity, and sabotage (people who plant the bug that shareholders can make more money from Nintendo if they make only software) - all make add-up.
#25 (Edited 1103d ago ) | Agree(3) | Disagree(1) | Report | Reply
LOL_WUT  +   1102d ago
As DonnieBoi mentioned

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

Very well said.
BitbyDeath  +   1102d ago
Just remember without Nintendo there would likely not be a Playstation or Xbox.

Respect guys, lets see it.

Title is poorly done IMO
pedroyamato   1102d ago | Spam

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