160°

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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gamechup.com
Thatguy-3104526d 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-cis4526d 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?

Grap4526d ago

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

herbs4526d ago Show
MurDocINC4526d 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 4526d ago
user39158004526d 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.

linkenski4526d 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.

3-4-54526d ago

Nintendo.

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

This will make you millions.

Your welcome.

Mounce4525d 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 4525d ago
Donnieboi4526d 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.

lilbroRx4526d ago (Edited 4526d 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-Namikaze4526d 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.

Donnieboi4526d 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-cis4526d ago (Edited 4526d 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.

Qrphe4525d ago (Edited 4525d 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 4525d ago
HarryMasonHerpderp4526d ago

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

wishingW3L4526d ago

GC was one of the worst consoles of all times.

Y_51504526d ago

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

OmegaSlayer4526d ago

Great, so Nintendo will sink even deeper.

SpartanGR4526d ago (Edited 4526d ago )

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

G-cis4526d ago

its never an overpriced piece of sh*t

bicfitness4526d ago (Edited 4526d 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.

Smurf14526d ago

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

bicfitness4526d ago (Edited 4526d 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.

Show all comments (56)
470°

Nintendo Switch 2 sales shatters records, most-sold console in 24-hour period

The Nintendo Switch 2 has set a new record by selling over 3 million units within 24 hours, tripling the PlayStation 4’s previous launch day sales.

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tweaktown.com
Jin_Sakai15d ago

Crazy. Switch 2 is going to do very well.

darthv7215d ago (Edited 15d ago )

No doubt, but.... the current price is out of the realm of the average parent / kid to buy like the SW1 was. So this launch achievement is from those of us with more disposable income.

The number of SW2 specific titles pales in comparison to the variety of SW1 games that get a performance boost right out of the box on this. And like the SX and PS5 before it, you can bet the majority are going to be using it as a means to better enjoy their existing titles that can benefit.

This may have been quick out of the gate... so was the WiiU. I quite enjoy it for what it is, but am keeping my expectations in check.

GenoPurpel15d ago (Edited 15d ago )

The Switch 2’s price point is great and fine and it’s still cheaper than the current gen of consoles aside from the Series S.

The only place I think they will fall short is their software sales, which also in turn may affect the hardware sales but not significantly. Parents will be fine paying for the system for their kids, but one look at an $80-$90 price tag for a single video game, that is where a lot of people will draw the line. Maybe not so much the people who are in the “willing to pay because I buy deluxe editions anyway” crowd, but for parents specifically, more sacrifices are gonna need to be made in their choices of gifts for their kids.

OtterX15d ago

As a parent of 3 with a very modest income, it was very affordable bc I already had an immense library of games, and the Mario Kart bundle came out to only about €50 more than a standard bundle. Both Zeldas were upgraded w Family Expansion Pass that I already had. Many games were upgraded for free. The only additional game I bought was Fast Fusion for 14.99 which was a great purchase!

Killer2020UK15d ago

People seem to forget that the Switch was $299 at launch which in today's money is roughly $400. That makes the Switch 2 a $50 increase when inflation is taken into account compared to the original.

Yes, people have less spending power on average compared to 2017 (Switch launch year) but this is not the MASSIVE price hike that people are making out Nintendo to be doing.

raWfodog14d ago

“No doubt, but.... the current price is out of the realm of the average parent / kid to buy like the SW1 was. So this launch achievement is from those of us with more disposable income.”

It could also be many people rushing to buy to avoid any possible tariff hikes in the future, but I think it’s still a good sign that many people still want physical consoles. Congrats to Nintendo! I’m not getting one at this time though (unless I get it for a Xmas present for one of my kids).

+ Show (1) more replyLast reply 14d ago
1Victor14d ago

Congratulations Nintendo on finding the happy medium between their weak console and their invincible handheld plus learning from Sony and clearly defining the new console from the old unlike their Wii and Wii U just add a higher number simple yet effective 👍👍

victorMaje15d ago

Are people that keen on $90 games?
Is it true some remasters will also be $90?

DankSinatra15d ago

Tell me you don't research without telling me you don't research.

victorMaje14d ago

Nope. I didn’t research, I don’t own any Nintendo consoles and I had read on here something about $90 games on switch 2, so I guess it’s good now, people can calm down. Have a nice day :)

1nsomniac15d ago

I bought the Switch 2 I won’t be buying games at MK prices. I don’t ever pay over £45 for my games. Even my Nintendo switch exclusives I never paid more than £33 for.

franwex15d ago

I think the typo you put was meant to be $80.
Anyway, the answer to those questions seem to be yes.

victorMaje14d ago

Looks like I’ve been enlightened about the amount. Happy to see it’s not $90.

Sgt_Slaughter13d ago

Don't get your news from clickbait TikTokers/YouTubers, only go to the source (Nintendo) or reliable new outlets like IGN.

No game is $90 on the Switch 2, and they will never go there. Most games will be under $80, too.

+ Show (4) more repliesLast reply 13d ago
gold_drake15d ago

cool
wasnt expecting it not to sell well

Profchaos15d ago

Its crazy that it's both the highest selling console on day 1 and people can walk into a store and buy it with no pre order

Ashunderfire8615d ago

Yup while I was waiting in line from Best Buy for Switch 2, like I did for Switch 1 back in 2017, every waiting 12am was going to get a Switch 2! I was in the no preorder line too!

My friend manage to get 4 Switch 2s at his GameStop store, that was lowkey not busy at all. Got them all for himself and his family. Super easy to get a Switch 2 over PS5.

Profchaos15d ago

The struggle to get a ps5 was real had mates wait over 2 years for stock i got lucky and got it day 1 but still

Ashunderfire8615d ago

I know and I also struggled getting a preorder for the PS5, when Walmart, Best Buy among other retailers open their preorders a day early before most of us realize it. I got my PS5 launch day thanks to YouTube Live Streamer Jake Randell. He helps people get preorders and launch consoles.

Neonridr14d ago

the PS5 also released during a global pandemic.

Ashunderfire8614d ago

It’s funny how I got disagrees for speaking the truth for what I experienced getting the Switch 2. Nintendo had more copies of Switch 2 than Sony for the PS5.

Don’t be butthurt about this very fact. People on here disagreeing with crazy reasons lol

+ Show (1) more replyLast reply 14d ago
hiawa2315d ago

Doesn't that mean Nintendo made sure they had plenty of stock available at retail.

Profchaos15d ago

Yeah it's nice to see they prepped for it

adamwparker15d ago

Yeah, I remember reading an article over two years ago with Nintendo stating that they were going to do all that they could to make sure their next console didn't have the PS5/XBox reseller swiping /no stock fiasco happen to them.

Looks like they made sure production met demand. Refreshing to see that the reseller thing didn't trend and I hope a lot of people who bought multiple units for the sole reason to resell then at $1000 are now stuck with them.

jznrpg14d ago

It also means there isn’t a chip shortage when PS5/Xbox came out during pandemic

gold_drake15d ago

to be where fair, we had a current gen come out during covid ha

repsahj14d ago (Edited 14d ago )

I remembered I tried 7 pre-order events during the PS5 launch. I gave up and ended up buying 1 from a scalper. But now, I already secured 1 pre-order Switch 2 unit in my country very easy and without problems.

Neonridr14d ago

kudos to Nintendo for ensuring a healthy amount of stock.

+ Show (3) more repliesLast reply 14d ago
Terry_B15d ago

Unlike the Switch 2 , the Playstation 4 was not sold on the same day in most regions.

15d ago
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80°

Nintendo Has Confirmed It Will Be Attending GamesCom 2025

Company skipped last year's event.

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nintendolife.com
Obscure_Observer35d ago

Not surprising at all.

I mean, they´ll be releasing a new console in a few weeks.

repsahj33d ago

I hope they show new Switch 2 exclusive games.

130°

Nintendo Predicts to Sell 15 Million Switch 2 by March 2026; Switch Has Sold 152.12 Million Units

Nintendo has announced its financial results for the full fiscal year, alongside an update to Nintendo Switch shipments and more data, including a prediction for Switch 2 hardware and software.

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simulationdaily.com
gold_drake46d ago

well, the switch 2 has two holidays in the us, thanksgiving and Christmas.

so id say its fairly possible. the rest of the world will also grab them

Abriael46d ago

Yeah doesn't seem out of the realm of possibility as long as they have enough supply.

Si-Fly46d ago

Do people buy each other games consoles for Thanksgiving? I’m in Europe and always assumed it was just Christmas where gifts were exchanged.

Skate-AK46d ago

I don't think it's so much Thanksgiving, but that Black Friday is the day after.

darthv7246d ago (Edited 46d ago )

That time is often referred to as the start of the Xmas shopping season. For the last few years, retailers would do 'black Friday' deals at various times throughout the year. While many still prefer to start their shopping in the mid to late November, others will just buy when they feel the time (and prices) are right for them.

gold_drake45d ago

i guess its more black friday, should have been more clear ha

GotGame81845d ago (Edited 45d ago )

Thanksgiving kicks off the Christmas Holiday.

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46d ago
Agent7546d ago

Switch and Switch are a different kettle of fish. A sell out at launch by the diehards, strong sales, then the non diehards will be put off by the £75 ($99) games, including the stupid download cards which are topping £65 ($85). Not rocket science to work out how the Switch 2 is going to pan out. The PS5 has sold well, but games at £70, sales have been low. As game sales drop, prices will rise. Sony could knock out all their games for £40 and still make a killing selling more games. There's no denying that a gaming crash is looming.

Rancegamerx45d ago

I agree, I don't see the Switch 2 selling anywhere near the numbers that these predictions suggest or what the general buzz is implying. While the initial sales will likely be strong, driven by diehard fans, I anticipate a gradual decline. It may not drop off immediately, but over time, sales will inevitably taper.

PRIMORDUS45d ago

Not paying for something that's not worth more than the price it was advertised, which is $449 - $499.

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