Nintendo President Won't Resign Amid Loss Forecast

It was just yesterday after the NPD results for December came out that I said it may not be all doom and gloom for Nintendo. I was vehemently wrong, as a Bloomberg report today reveals that the company has changed their fiscal 2013 forecast down from a 55 billion Yen profit (~$527.5 million USD) to a 25 billion Yen loss (~$240 million USD).

Despite this being the third straight year Nintendo has seen an operating loss, Nintendo president Satoru Iwata made sure to indicate that there will be no major company shakeup amid the harsh news and cut projections in both the Wii U and Nintendo 3DS sales.

So, what’s next for Nintendo? The consensus is that Iwata should either resign or ride out the generation. I would have suggested the latter knowing that Mario Kart 8, Donkey Kong Country: Tropical Freeze and a new Super Smash Bros game was coming on the Wii U, until I saw the month-to-month NPD sales of critical Nintendo games last year. Wonderful 101, Pikmin 3, Super Mario 3D World and The Legend of Zelda: The Wind Waker HD, despite being top quality Nintendo games, just did not bring consumer appeal to the Wii U last year. Now, I am not so sure.

Nintendo as a company will get through this, without a doubt. They have weathered the N64 and Gamecube storms, and this will be no different. Flailing Nintendo is the best Nintendo, as their struggle to regain dominance in the gaming industry has spawned some of the better gaming innovations of the past 2 decades. Here’s hoping they get it all sorted out sooner, rather than later.

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Tags: Nintendo Satoru Iwata Video Games