
  •  Trending
    • Nintendo
    • Shigeru Miyamoto
    • universal studios
    • universal studios hollywood
  • Videos
  • News
  • Reviews
  • Interviews
  • Previews
  • Entertainment
  • DVD/Blu-ray
Hot Articles
  • Xbox One Preorders Virtually Sold Out, Already More Hype Than 360

Menu
  • Facebook
  • Twitter
  • Youtube
  • Subscribe

Iwata Won't Resign After Third Annual Loss For Nintendo

 
Nate Hohl
Read +

Nate is an aspiring writer and game journalist whose love of games started at a young age. He is always on the lookout for new ways through which to engage the gaming world and enjoys discovering how games affect other parts of popular culture. In addition to his work at GamerHub he is also a staff writer for VGU.TV as well as a volunteer writer for the online publication The Longfellow Bridge.

  • News
 Published January 17, 2014 12:46 AM

Despite continued financial losses at Nintendo, company president Satoru Iwata will not be stepping down from his position.

In the wake of the third consecutive annual loss that is expected from Nintendo, company president Satoru Iwata confirmed that he won’t be resigning during a press conference that was held in Osaka this morning.

At the press conference, Iwata apologized to company investors but he also made it clear that he won’t be stepping down and that Nintendo will not be undergoing any sort of restructuring (a.k.a. employees being let go) as a result of Nintendo’s third annual loss in a row. Iwata also said that he feels personally responsible for the company’s struggling financial performance and that he hopes to reinvigorate Nintendo’s business strategy as soon as possible.

Nintendo has attributed the loss to the signifigantly lower sales the company made during the holiday season; a period in which the company is particularly dependent on pulling in strong sales numbers. Having to mark down the Wii U’s price point didn’t help either. While the Nintendo 3DS continues to sell rather will in the Japanese market, it’s clear that Nintendo is still struggling to compete with Microsoft and Sony in the U.S. and European console market.

  • Nintendo Wii U
  • Nintendo 3DS
  • Sony
  • Microsoft
  • Nintendo
  • Japan
  • Japanese
  • Satoru Iwata
  • Osaka
  • News

Related Reading

spacer 0 Comments

Rune Factory 4 Special Archival Edition Revealed For North America

Preorders open!

Published September 9, 2019 2:25 PM, by
Steve Tyminski
spacer 0 Comments

E3 2019: Hands On With Nintendo

Zelda, Pokémon, and Luigi oh my!

Published June 22, 2019 1:02 PM, by
Steve Tyminski
spacer 0 Comments

Pax East 2019: Think Geek Hand Puppets

Check out the Donkey Kong puppet from Pax East this year!

Published April 16, 2019 3:47 PM, by
Steve Tyminski
spacer 0 Comments

Hands On At Pax East 2019: Nintendo

See what Nintendo Brought to Boston!

Published April 1, 2019 2:11 PM, by
Steve Tyminski
GamerHub.TV
© 2023 | All Rights Reserved.
  • Read
  • News
  • Reviews
  • Previews
  • Interviews
  • Entertainment
  • Read More
  • Features
  • News
  • Walkthroughs
  • Media
  • Privacy Policy
  • Terms of Service
  • GamerHub Network
  • Modojo
  • Shacknews
  • Greenlit Content
  • Trending
  • Nintendo
  • iOS
  • Pokemon GO
Powered by Greenlit Content