Nintendo president: I won't resign

Satoru Iwata apologizes to shareholders for revised financial forecast but says there will be no major management shake-up in the short term.

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During a press conference today in Osaka, Nintendo president Satoru Iwata apologized to shareholders for what is expected to be the company's third straight annual operating loss, but made clear that he will not resign as a result.

"There will be no major management shake-up in the short term," Iwata told a group of reporters (via Reuters).

Earlier today, Nintendo slashed its global fiscal year Wii U sales forecast by nearly 70 percent to 2.8 million units and cut 3DS sales projections from 18 million units to 13.5 million for the period ending March 31, 2014.

The company also downwardly revised its overall sales forecast by a third and announced it expects to post an overall loss of 25 billion yen for the year.

The Wii U, which has sold 3.91 million units worldwide as of September 30, is Nintendo's successor to the hugely popular Wii. That console launched in 2006 has sold over 100 million units to date, making it one of the best-selling home systems in history.

Nintendo said previously that it has failed to establish the Wii U as a worth successor to the Wii. The system's 2014 lineup includes games like Mario Kart 8 and a new Super Smash Bros. game, which would conceivably spur system sales. An all-new Legend of Zelda game is also coming to the Wii U.

Nintendo will provide more information about its short- and mid-term prospects as part of its upcoming earnings report on January 29. More information is also expected a day later during the company's Corporate Management Policy Briefing on January 30.

Discussion

375 comments
mr_nee
mr_nee

This is very unJapanese! I actually expected a video of him commiting a harakiri

PS4Lives
PS4Lives

You won't gonna resign the 7 warlords position. You are a hero. 

SavoyPrime
SavoyPrime

Iwata is lucky that Nintendo's portable sector is doing very well or dude wouldn't have a job. The Wii U has failed miserably for them.

Cellpwn
Cellpwn

Iwata seems like a sincere, likable guy, and I love Nintendo; but Nintendo's business strategy this generation is just... bad. Still no killer apps on the Wii U, the hardware is weak, and, from how I see it, the console is caught in an awkward grey area where it's too casual for hardcore players and too hardcore for casuals. Their expectations for success this round were delusional. 

DeadSquirrelpie
DeadSquirrelpie

Where´s Japan going. I demand a pressconference with ritual crying!

vadagar1
vadagar1

I like people that wont resign a very important power position after they fail miserably... usually they do (after the shame gets too much) or get fired or killed (this is in case of country heads of states) ... but only after causing the ruin of hundreds if not millions of people (or death of millions if you in politics) 


vadagar1
vadagar1

I thought japanese people valued honor the most

if you failed sir step down and let some one else take ur place, its not like you will starve to death any time soon 



Vodoo
Vodoo

They need to put out a powerful multi faceted media device so so it can be used for more than just games. Media functionality in this day and age equates to DVD functionality back in the day. They should make an M-rated Zelda game where Link is able to lop off heads and assorted appendages. Metroid should also be M-rated. Don't make another Mario game for the rest of this console generation. 


And for God sakes... GIVE THE CHARACTERS VOICES!!! 


Iwata doesn't have a fuckin clue anymore. The board should drag him out kicking & screaming like a pedophile being dragged away from a school yard. All of Nintendos senior management need to go as well. Their stuck in the past and they think another Mario game will solve all their problems because it has in the past. Not anymore Nintendo! It's sink sink or swim this time. 


Nintendo will continue to see nothing but red (losses) until they shake the antiquated thinking that has dug the huge hole they're currently in. 

SacredVega
SacredVega

In my opinion I think it's good that Nintendo is struggling, why because now they know what changes need to be made and what step they need to take so something like this does not happen again. The Wii U will get more sales over the following years so they are definitely not gonna turn out like SEGA (no offense to SEGA fans) and after 5-7 years they want to produce a new console they will be ready because they already test failure and they will definitely wouldn't want to taste it again.   

hadlee73
hadlee73

To be honest he doesn't actually need to resign if he doesn't want to. That's what firing is for.

nurnberg
nurnberg

Iwata : "I won't resign.  The pissed off shareholders I lied to will fire me instead."

robertico7
robertico7

Still apologizing ha Iwata!? they should've cut one of your fingers off just for failing too much.just like the yakuza.

n0xinab0x
n0xinab0x

Hell I wouldn't retire either, I'd rather be forced out and keep getting paychecks in the process. Don't know what the hell most of you are smoking but...damn even washed up ex-quarterbacks can get a commentary job. I'm looking at you Tebow! Even if he is kicked out which I doubt, he'll probably just open up a local frozen yogurt franchise. Because honestly, who doesn't like frozen yogurt? 


~n0x

desert_thief
desert_thief

My, I've read some of the posts below, suggesting how they could save Nintendo, and you guys are funny, yet full of ignorance. Here are the popular ones in which they are followed by my personal opinions:


1- Fire Iwata:

It won't be that easy. Hiroshi Yamauchi has entrusted Iwata through giving him the baton to run the company. Last generation, Wii and DS are the gaming industry's most selling consoles, even though Iwata was in charge of Nintendo. Yeah, some decisions he recently makes are bad, but it doesn't mean that they (shareholders) should kick him out of the company. Nintendo is not a typical Western company, in which one mistake and you're out. Nintendo needs to hire more people than to fire. You don't know how corporate runs. It's not like a small house where you can easily make changes.


2- Make console that's on par to Sony/Microsoft's offering:

In my opinion, it won't work. Even if Nintendo do make a powerful console, it won't make it more different to the other two companies.To put it short, Nintendo consoles are bought only for Nintendo exclusives, nothing more, and nothing less. Oh, and for those who says they should get rid of the gimmicks, they should know that gimmicks sells, whether you like it or not.


3- Move all their IPs to smartphones/Tablets:

Believe me, this is the last thing Nintendo will think about. I mean think about it, it would be awkward to play Mario, Zelda, or Pokémon on a smartphone or Tablet with touchscreen controls. Heck, it would still be awkward even if you played it with controllers other than Nintendo controllers. Nintendo IPs shine only on Nintendo hardware.


4- Sell their IPs to third-parties or to Sony/Microsoft:

I won't lie to you. if this happens, gaming will cease to exist. Say what you want, but only, and I mean only Nintendo knows how to make their IPs more than any company that exists nowadays. I mean, take a look at Crash Bandicoot. That franchise worked best when it was owned by Sony. But after Sony sold it to third parties, the franchise took a nosedive from super cool game to mediocre, nonsense one.

ChiefFreeman
ChiefFreeman

IWATA will be forced out within a year if things don't change (and they won't). He's gone from being prideful to just plain stubborn. You can see how much he's aged over the past few years. Bring in a young Japanese businessman who's in tune with the gaming world, and wants to expand Nintendo, not recycle gimmicks and rehash the same Mario titles 1000 times.

KimCheeWarriorX
KimCheeWarriorX

my how times have changed. back in the 80's, japanese businessmen would resign without even being asked to take responsibility for their failure. apparently 30 years or so (about 20 with the internet) changes japanese values considerably

Takeno456
Takeno456

Its a Nintendo article so most of the people here are hate mongers and trolls like always. Nintendo is not preforming well but I do not think it is 100% Iwata's fault. At its core it is bad marketing and lack of 3rd part support that is causing the most damage. Iwata does not have the power within the company to change the way Nintendo operates solely on his own. The removal of Iwata will not be the factor that changes Nintendo's fortunes. He was there during the failed Game Cube and he was there for the money printing, hugely successful Wii. So I think he has seen the good and the bad. Time will tell if the Wii U will be the ugly or if it will improve. Having a change of leadership when your down won't help things. Nintendo is in trouble to an extent but it is not as bad as many of these articles say. This article I found to be very interesting. http://www.ign.com/articles/2014/01/17/does-it-really-matter-if-the-wii-u-fails

This is not about being a fanboy or whatnot. I own all 3 systems and a PC. I am in it for the games and I believe Nintendo still gives important and fun contributions to the gaming world. They are in a flux. I think this year will be more of a trial on how the Wii U will be going forward.

gameroutlawzz
gameroutlawzz

After Dark Souls 2/Witcher 3 and the future announced games released for the wii U  Im seriously giving up on gaming if Nintendo dies,to me video -games are dying with it. This industry is nothing but a load of scam and SHIT outside of Nintendo and a few competent devs,seeing all the sheeps,brainless fucking casuals and cinephiles who actually SUCK giant donkey balls at anything that focuses on genius and indepth gameplay mechanics (Which should always be the main focus when making a video GAME) all flock on the fucking disgraceful microtransactions/interactive movies/scamboxes that are M$/$ony consoles theres truly no hope left in this industry for those who arent inept story-fiend casuals who wants to feel emotions out of a FUCKING GAME instead of pure challenging/amazing gameplay.  Every fucking well-established franchises like RE, TR,Dead Space etc are turning into streamlined fucking movies with the same,dull,linear,scripted platforming and tacked on hide-and-shoot gameplay because nowadays all the fucking devs want is for the ''player'' (more like a fucking viewer) is to reach the next cut-scene for the fucking story to unfold. No wonder why youre always stuck with forced A.I partner for more shitty plot-holes and BS.


All in all, fuck the community on every gaming websites which consists of 90% cinephiles/casuals who totally SUCK at GAMES with amazing gameplay. Theres a majority of people always complaining about how they suck and the gameplay is wayy too challenging for them (Tank controls/Souls games) and the fact that people now mention more the fucking characters,dialogues and stories than the actual gameplay when talking about a game...this,truly makes me sad.  Not every GAME has to play the same, RE games were perfectly fine with fixed cam angles,tank controls which consists of more than 80% to add to the tension in those games. The serie has been nothing but shit ever since RE4 because people cant see the geniuism that was behind the old games which was NOT just the freaking story. 

When playing a BOARD game,do you cry about the almost non-existant story?? Why would a fucking story have to come first when making a VIDEO game??  Games like Donkey Kong Country: Return /LOZ:SS  (2 games Im currently playing) Are both AMAZING games that constantly keeps you entertained with its brilliant level designs,gameplay mechanics all while keeping a background story. If youre a true gamer,you do realise Nintendo make the best games,otherwise,youre just a blind story-fiend cinephile fanboy and youre NOT a gamer. 

 The problem with the marketing and their ads is that they always show the same generic family playing sports/wii fit games when the console actually offers many hardcore games that requires true GAMING SKILLS like the DKC games, LOZ games, Mario games ,Wonderful 101 which is a pain in the ass even on Normal etc.  THIS is the exemple of a HARDCORE game, not the generic interactive movie streamlined hide-and-gun story-focused  type of trash constantly being released on the other 2 platforms that are nowadays considered as ''hardcore gaming'' when theyre actually the most spoon-feeding casual type of SHIT you can find out there.

I truly love nintendo and seeing all these articles today is truly making me consider finding a new hobby if the brainless sheep population doesnt wake up soon. For those who read through all this, I know my english sucks and I dont give a flying F.

jenovaschilld
jenovaschilld

@Cellpwn I too have been a big fan of nintendo since playing duck hunt when I was 15. But their poor decisions over the years from not adopting new technology like media formats, to not embracing online anything, their reckless focus on younger gamers, while their core audience base grows older each year, and their almost anti-third party support has greatly degraded the Nintendo name brand long before the WiiU. Another thing also while the wii sold plenty of consoles their very poor tie in ratio, or tie rate made the Wii come in very far third during the 7th gen. 

Responder
Responder

@VodooI'm not sure how adding voice acting or adding gore is exactly gonna help...

frylock1987
frylock1987

@desert_thief

I Disagee with number 2. You know for a fact if you saw a game play trailer of Zelda in full blown 1080HD with the graphics of a PS4, you would shit your pants, go out and preorder that game and console.

Megamandrew
Megamandrew

@desert_thief"Nintendo IPs shine only on Nintendo hardware."

Um, Nintendo IPs have only been on Nintendo hardware (aside from the cdi and edutainment games), so that point is moot.

96augment
96augment

@gameroutlawzzI consider myself a cinephile. I watch movies all the time. I love movies. I also have beaten Demon Souls and Dark Souls (can't wait to get Dark Souls 2). I tried to beat Super Meat Boy. I got all the way up to the Rapture Level. Ilove playing games. Can't you like both video games and movies? What's wrong with having story in a game? Witcher 3 (a game YOU want to get) is going to get a story. "Not every Game has to play the same". Your words. Not every game has to be hardcore. 

mocano40
mocano40

@Responder @Vodoo  It's not explicit gore that he is talking about, but maybe a more mature content for "us" the old Nintendo users.

About voices, I've always thought that a Zelda game with voices can give the characters more depth and purpose, it would be brilliant to hear Ganon with a villain voice.

Responder
Responder

@frylock1987@desert_thiefSo I take it you care about graphics. Since when did graphics determine the quality of a game? I surprises how there are people who are incapable of playing in a setting other than the highest...

frylock1987
frylock1987

@Megamandrew

Heros of Hyrule?. Yeah, its not on PS4 or X1, but its one of the first non Nintendo Zelda game that will come out since the Capcom Zelda games on GBA.

Heros of Hyrule looks like complete dookie and will get boring fast.

gameroutlawzz
gameroutlawzz

@Deadlysyns87 @gameroutlawzz Yeah I need help for speaking out-loud about stuff noone else does when Im one of the biggest VIDEO GAMES fanatics out there. Get it,video games,not interactive movies. I dont give a fuck about most franchises released on other 2 platforms cause they always end up being the same bland,dull piece of shit with a different skin.

Thanatos2k
Thanatos2k

@Responder@Thanatos2kStop using words when you don't know what they mean.  There is no ad hominem attack in any comment I posted above.  Take a logic class before you start thinking you know what you're talking about.

Thanatos2k
Thanatos2k

@gameroutlawzz@Thanatos2kBiased much?  That's like getting reviews of Nintendo games from Nintendo Power.

Responder
Responder

@ChiefFreemanNo sir, it's all in the gameplay. The story or characters do not make a good game. I'd rather play Pac-Man over a game like Kingdom Hearts because the former is much more FUN than the other.


If you are this concerned about the story or characters, read a book or watch a movie.

Deadlysyns87
Deadlysyns87

@gameroutlawzz  Games are meant to Entertain no where does it say how they have to do it. You need to get a life.

gameroutlawzz
gameroutlawzz

@Deadlysyns87 Sounds like youre  talking about movies/books. See where Im going? GAMES are made to entertain with GAMEPLAY, not to fill you with emotions cause of a fucking fictional character/deep story. Youre just part of the trend of casual/drones/name it who actually suck at everything that isnt spoon-fed generic tacked-on TRASH they now use to fill in between 2 cut-scenes and plot-holes. Youre part of this cancerous generation of ''Gamers'' pretenders who actually SUCK at games. NEVER should a fucking story be the main focus of a video GAME.  

I bet you suck at driving and at anything that requires manual dexterity,brilliance ,reflexes and logic.

Deadlysyns87
Deadlysyns87

@gameroutlawzz Your a bad troll. Everything i said is true those stories entertain kids not adults who like deep stories with character progression etc. You know things that intelligent people like to see in their games.

gameroutlawzz
gameroutlawzz

@Deadlysyns87 @gameroutlawzz Shows just how narrow-minded,un-imaginative and un-creative you are. Same applies to 90% of the tools commenting on here. Its ok,youre probably part of the same 90% who actually SUCKS giant donkey balls at video-games that arent movies with tacked on gameplay segments or FPS/3rd person shooter number 8438728 where all you do is hold the analog stick up to constantly move forward. Enjoy your cancerous brand of games.

Deadlysyns87
Deadlysyns87

@gameroutlawzz @Deadlysyns87 Colorful doesn't equal kiddie but how about a Cat Suit as a power-up and a Monkey fighting a crocodile because he stole his banana's yeah thats a really mature storyline and characters.

ChiefFreeman
ChiefFreeman

I like gameplay along with a little something called "story". You know, stuff besides Mario saving Princess Toadstool every freaking game? That's what makes Nintendo ignorant and oblivious to the rest of the gaming world. They don't want to branch out and create an in house development team to create wondrous stories or interesting characters in their games. You can have your cake and eat it too. Good stories, characters and gameplay can all co-exist. But you're a Nintendite, so obviously you wouldn't know.

gameroutlawzz
gameroutlawzz

@Deadlysyns87 Cause I cant reply to someone who is firmly convinced that a colorful game = kiddie game when his slow mature adultered brain wouldnt even manage to beat the first world of said game. Remember,were talking about GAMES,not interactive movies. Something most people considering themselves ''gamers'' tend to forget or simply dont know nowadays.

Deadlysyns87
Deadlysyns87

@gameroutlawzz @ChiefFreeman Okay your really calling him that. Just because someone does not devote their life to games does not mean they are less then you.

gameroutlawzz
gameroutlawzz

@ChiefFreeman Says the braindead casual who wouldnt manage to get through the first world in DKC:Return. Gameplay in a video game is too much for you uh? 

ChiefFreeman
ChiefFreeman

Stop being a sore loser because not every gamer wants to play kiddie games.