While the Wii U hasn’t lived up to sales expectations and some important video game publishers have severely pulled back their support of the company, Nintendo’s global CEO isn’t looking to shift blame.
Unlike many executives who might obfuscate the issue with corporate doublespeak or finger-pointing, Satoru Iwata is blunt in his assessment of the company’s recent troubles.
Read more at CNBC.com
The news that Nintendo will lose money this fiscal year for the first time in its history as a publicly traded company wasn’t entirely unexpected, but that didn’t make it any less shocking.
It was a rapid fall from the top of the gaming hill for the company, hastened by weak sales of the Wii and DS and the tepid reception to the 3DS. Investors weren’t happy, raising some questions about whether president Satoru Iwata’s job might be at risk.
Read more at Industry Gamers