Nintendo CEO slashes salary in half to apologise for Wii U losses
Nintendo announces operating loss of roughly $15 million for the nine months ending December 31.
Nintendo CEO Satoru Iwata will slash his pay in half for the next five months, following disappointing financial results for the Wii U and 3DS maker.
Other members of the Nintendo board will take a pay cut ranging between 20 and 30 percent of their salary.
The company announced last week that it was reducing its sales expectations for the Wii U by two thirds, now expecting to shift 2.8 million Wii U consoles for the 12-month period ending March 2014.
Nintendo originally expected to shift 9 million Wii U's in the same period.
Nintendo released its third quarter financial results overnight, announcing an operating loss of roughly $15 million for the nine months ending December 31, 2013.
The company also announced revenue of 499.1 billion yen for the period, a drop of 8.1 percent compared to last year.
Overwatch 2 replacing Overwatch 1 | GameSpot News The Boys: Eric Kripke Explains Herogasm's Wildest Moments Elden Ring Developer’s Next Game Is Almost Finished | GameSpot News Way of the Hunter Release Date Trailer Sega Mega Drive Mini 2 More Games Revealed The Last Case of Benedict Fox Gameplay Trailer PUBG MOBILE x GB Teddy Bear buddies Destiny 2: The Witch Queen Xur Location June 24, 2022 AI: THE SOMNIUM FILES – nirvanA Initiative Launch Trailer Capcom Fighting Collection - Launch Trailer Outriders Story Recap Fire Emblem Warriors: Three Hopes - Launch Trailer
Please enter your date of birth to view this video
By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy
The products discussed here were independently chosen by our editors. GameSpot may get a share of the revenue if you buy anything featured on our site.
Got a news tip or want to contact us directly? Email news@gamespot.com
Join the conversation