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Satoru Iwata

Nintendo cuts 3DS sales forecast, will report first annual loss

January 26th, 2012

Nintendo recently published a note in which it said it will report an annual operating loss of 45 billion yen ($575 million) for the December quarter. Analysts had expected the Japan-based gaming giant to report a 4.2 billion yen loss, Reuters said Thursday. The company now expects to ship 10 million Wii consoles, instead of the …

iOS games ‘absolutely not under consideration’ says Nintendo boss

September 14th, 2011

Nintendo’s president Satoru Iwata recently reiterated that Nintendo will not develop games for Apple’s iPad, iPod and iPhone, despite recent pressure from investors to jump on the iOS bandwagon. “This is absolutely not under consideration,” Iwata told the Japanese news outlet Nikkei following the company’s recent 3DS press conference. “If we did this, Nintendo would …

Investors pressure Nintendo to jump on iPhone bandwagon

August 11th, 2011

At least one investor is calling on Nintendo to begin developing titles for Apple’s iOS platform, a move away from the company’s standard practice of developing for its own portable gaming consoles. “Smartphones are the new battlefield for the gaming industry,” Stats Investment Management Co. fund manager Masamitsu Ohki said. “Nintendo should try to either …

Nintendo president: 3DS sales weaker than expected

April 27th, 2011

Speaking during an investor briefing on Tuesday, Nintendo’s president Satoru Iwata said that sales of his firms new 3DS portable gaming system failed to meet expectations. “Sales of the 3DS have been weaker than expected since the second week of launch in the US and Europe,” Iwata said while discussing the device’s launches in Europe, …

Nintendo CEO says 3DS will have new anti-piracy measures, 2D switch

May 11th, 2010

Speaking to the Associated Press on Friday, Nintendo CEO Satoru Iwata revealed that his company’s upcoming Nintendo 3DS will in fact gamers the choice of playing titles in both 3D and 2D. Exactly how one would switch from 3D to 2D and vise versa is unclear, but Iwata mentioned one of the primary reasons for …