In a rather dire report during Nintendo’s Corporate Management Policy Briefing, CEO Satoru Iwata hinted that he could step down as leader of Nintendo if sales don’t pick up after two consecutive years of loss and financial trouble.
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.
The new target for Nintendo that Iwata has set for the fiscal year is 100 billion yen ($1.09963 billion) in operating income. Iwata stated that achieving that goal is his commitment for the next year, hinting that should it not be met, the CEO will be stepping down from his position. Iwata has been president of Nintendo since 2002 and has successfully seen the launch of three of Nintendo’s last consoles.
With Nintendo downgrading their sales expectations for the Wii U, do you think Iwata should be held personally accountable? Keep in mind that the gaming industry has been changing for a while now, something that Iwata hinted at in his Nintendo Direct appearance. He stated because of the way game development has been changing, Nintendo has been unable to keep up with providing the number of games that consumers expect.
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TAGS: Nintendo, Satoru Iwata