Industry analyst Michael Pachter has always worn his black heart on his tattered sleeve when it comes to Nintendo – but in the latest episode of Pach attack, he got his knives out, ripping the company a new one, saying that Nintendo is a bad company, run by a poor CEO.
"I think Nintendo is no longer able to compete the way they did in the past and sell their consoles at a big profit," he said on Pach Attack. "I think that the Wii, when it first launched they were probably making about $100 of profit per unit. I think the DS when it first launched was probably generating about $50 of profit per unit. The 3DS I think is barely making a profit. The Wii U I think is barely making a profit — I’m talking 5 or 10 bucks per unit."
He says the company’s current situation isn’t the result of Nintendo of America or its beefy president Reggie Fils-Aime’s fault; they’ve just been dealt a poor hand with the Wii U – and that’s Iwata’s problem.
"I think Mr. Iwata’s a pretty poor CEO," he explained. "I think he’s done a very poor job running the company. I have a neutral rating on Nintendo, but I have to say only because their cash level supports their current share price. It’s a bad company that doesn’t make money."
Naturally, Pachter’s raised the ire of the Nintendo loyalists – leaving them with this parting message.
"If you don’t like that answer, Nintendo fans, deal with it."
I actually love Iwata, and the open stance he’s taken with the company’s Nintendo Direct videos. He started off as a programmer for Nintendo in the early 80’s, co-founding HAL Labs; worked his way up to being CEO of a much beloved company; is open and direct with consumers and happily apologises when thing go wrong.
If that’s the hallmark of a bad CEO, then this industry’s in worse shape than I thought.
Last Updated: March 12, 2013
Sir Rants-a-Lot Llew
March 12, 2013 at 15:11
Pachter is spewing random nonsense to stay in the limelight. He’s washed up
Sir Rants-a-Lot Llew
March 12, 2013 at 15:11
Pachter is spewing random nonsense to stay in the limelight. He’s washed up
Sir Captain Rincethis
March 12, 2013 at 15:14
“I have a neutral rating on Nintendo,” HAHAHAHA! Right… And I love CoD and wish every game to be like them…
Rigo Pinto
March 12, 2013 at 15:15
Was about to say that
Sir Captain Rincethis
March 12, 2013 at 15:16
The guy wears his hate like some Paris fashion A-hole, all out in the open with very little credibility.
Sir Captain Rincethis
March 12, 2013 at 15:14
“I have a neutral rating on Nintendo,” HAHAHAHA! Right… And I love CoD and wish every game to be like them…
Sir Rants-a-Lot Llew
March 12, 2013 at 15:21
Pachter is in need of a serious patch.
Patch 1.2
Patch Notes:
1) Resolved an issue where Pachter claims to be neutral towards Nintendo but then would randomly hate on them
2) Resolved an issue where Pachter would make up statistics on the spot. This happened roughly 88% of the time….
Sir Captain Rincethis
March 12, 2013 at 15:22
Well done sir, well done indeed.
Admiral Chief Erwin
March 12, 2013 at 15:23
LKH ou maat! Knap gedaan!
BeatzByChrisBrown
March 12, 2013 at 15:25
88% of the time he made up stats 100% of the time.
ALKi1234
March 12, 2013 at 15:34
Old patcher’s on a role lately…..wait what,he’s getting payed to speak his mind?
Skyblue
March 12, 2013 at 15:35
Pachter is a douche, all agreed, however Nintendo got away with murder when they released the Wii in-so-much that they released an inferior (graphically) console with a gimmick, a gimmick that drove their console sales considerably. The problem I have with them is their 3rd party software as Nintendo are just not taken seriously as a gaming company anymore.
Before anyone starts spewing shit from their nostrils, I have owned a NES, a SNES (imported as we only had Sega Megadrive in SA), skipped the Gamecube and N64 in favour of a PS and PS2 but picked up a Wii for Super Mario Bros, Zelda and the Metroid Prime Trilogy and I have much love and nostalgia for Nintendo but I am starting to… get that Atari feeling, oh-oh that Atari feeling
Rigo Pinto
March 12, 2013 at 17:37
Correct me if I am wrong about this please, but I thought the third party problem was there before the wii.
Admiral Chief Erwin
March 12, 2013 at 15:39
Banana?
Sir Rants-a-Lot Llew
March 12, 2013 at 15:39
Dead Squirel
mornelithe
March 12, 2013 at 18:29
It’ll truly be a great day when Pachter opens his mouth, and not a single reporter lifts a finger in response.
Sir Captain Rincethis
March 12, 2013 at 19:43
said like a boss!
FoxOneZA
March 12, 2013 at 18:35
No CEO can be worse than the BB CEO.
OVG
March 13, 2013 at 07:17
GameTrailers = GameTrollers
matthurstrsa
March 13, 2013 at 07:23
The industry is in bad shape when people like Pachter’s ranting and raving bullshit gets taken seriously.
JHN
March 13, 2013 at 13:18
My main Issue with him is that he just makes sht up, he spews out random statistics and poison and claims them as fact. I kinda wish he would just get hit by a car.