Nintendo's Iwata: "I don't recall saying I'd resign."

axisofweevils

Holy crap! Today's real megaton is that more than two people can have the same first name.
Lock if old.

As first posted in January, Iwata mentioned his "commitment" to a business profit goal of ¥100 billion (US$ 1.1 billion) by the end of the next business year ending in March, 2014. When asked how he would take responsibility if Nintendo did not meet this mark, Iwata replied, "I ask that you understand my use of the word 'commitment.'"

Some in the Japanese media took Iwata's language to mean he would step down should Nintendo fail to reach the magic number.

At a recent investor's meeting, Iwata was asked directly if he would quit if Nintendo doesn't meet his previously stated target. So, will he?

"I don't recall saying I'd resign," Iwata replied. According to Nikkan Sports, the Nintendo honcho went on to say that the game maker should put tremendous effort into achieving its goal and not think about failure. Sounds like Iwata plans on sticking around!

http://kotaku.com/nintendo-boss-didnt-say-hed-quit-yo-606796935
 
No shit. Even I was scratching my head when people jumped to that conclusion. People just read into his commitment comment too much.
 
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This is great news, if only to piss off the people looking forward to his resignation.
 
Maybe someone can explain it to me, but I don't see how they come close to reaching their fiscal year goal.

Seems like you would have to see an explosion of Wii U sales but wouldn't be able to do a price drop.
 
Maybe someone can explain it to me, but I don't see how they come close to reaching their fiscal year goal.

Seems like you would have to see an explosion of Wii U sales but wouldn't be able to do a price drop.

I don't know. It's an incredibly ambitious goal and I don't see anything on the face of things that suggests they're going to make it, unless the system costs a hell of a lot less to build than everybody assumes and they can afford a good cut while still making money on each unit sold, or they're able to reduce the cost of 3DS a hell of a lot and start profiting more on that hardware.
 
Maybe someone can explain it to me, but I don't see how they come close to reaching their fiscal year goal.

Seems like you would have to see an explosion of Wii U sales but wouldn't be able to do a price drop.

They don't need the Wii U to jump massively high to achieve the target. It's not a Wii U target, it's an overall target.

The 3DS however, it will SERIOUSLY help this target due to one thing alone. Pokémon. Pokémon will spur sales of the 3DS like crazy. Nintendo will receive a good portion of the profits from it also.

I doubt they'll hit the target, but they'll come damn close.

Anyway, all Iwata said is that he'd take responsibility for it. He never said he'd resign, people just assumed that.

Iwata shouldn't leave. So he doesn't capitulate to the west's view on gaming? So what? He's a CEO who truly cares about the industry. Very few people in charge are like that. Miyamoto, Iwata, Cerny...these are developers who care about the industry, who want what's best for the consumer. People seem to want Iwata replaced so someone can jump in and do crap like put it on iOS, make games F2P to just grab money from the consumer. This is not a good thing.
 
of course he won't voluntarily resign. Instead he will be fired when the Wii U sells badly again through this holiday season.

Doesn't really matter if the Wii U sells badly anyway. Nintendo will most likely making the most money this holiday compared to Sony and MS gaming wise.

They aren't going to fire the guy who made them billions of dollars.
 
Why are people so keen for him to resign? Didn't me make the Wii, DS and 3DS massively successful? The WiiU is his only major flop so far, no?
 
Doesn't really matter if the Wii U sells badly anyway. Nintendo will most likely making the most money this holiday compared to Sony and MS gaming wise.

They aren't going to fire the guy who made them billions of dollars.

He lost them billions of dollars in market share, both with 3DS and Wii U.
 
Why are people so keen for him to resign? Didn't me make the Wii, DS and 3DS massively successful? The WiiU is his only major flop so far, no?

The 3DS is doing pretty well now, but the launch was poorly handled, big price cut under a year after launch, etc. If he can turn the Wii U round in a similar fashion people will be less antsy I guess. I don't think him personally is the problem with Nintendo to be honest.
 
Ah! Lost in traslation hits again! XD

More seriously, about the goals: at this point, it's all in

1)Yen exchange rates (right now, much better than Nintendo's estimates)
2)3DS performance

About 3DS, it's possible hardware sales saw a good improvement even before AC in Europe, looking at shares, and now sales should improve in US too thanks to New Leaf. But, certainly, software sales increased enormously over here, and it's not Fall/Holiday season yet.

I can't think Wii U can reach those targets, at all. Its environment will improve, but not that much to think the its situation saw a middle turn around, even.
 
Maybe someone can explain it to me, but I don't see how they come close to reaching their fiscal year goal.

Seems like you would have to see an explosion of Wii U sales but wouldn't be able to do a price drop.

It's a 100 billion Yen in operating profit. That's not exactly hard for Nintendo. Wii U console sales itself is a different story.
 
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