A senior analyst says Nintendo will not be taking losses on its Wii U stock anymore due to needing to manufacture more units.
Iwata admits Nintendo was unable to increase the sales momentum of the Wii U this holiday season as much as previously hoped.
Nintendo president Satoru Iwata has announced a pay cut for himself, Miyamoto, and board directors for the company due to poor performance last quarter.
Nintendo has announced plans to reacquire 10 million shares of its own stock after a weak financial report.
Nintendo only sold 2.41 million Wii U units during a nine month period last year, resulting in a less than stellar Q3 financial report.
Iwata admits that Pikmin 3 and The Wonderful 101 didn't serve to increase Wii U sales like the company previously hoped.
Nintendo details its financial reports with a personal message from Satoru Iwata about the state of Nintendo's profits.