You have to love the Japanese and their humility. When they feel responsible for something, they’ll own up to it and suffer the consequences as a result. That’s exactly what’s happening over at Nintendo, which has seen its third straight annual loss in a row.
We hear it all too often in the gaming industry; people getting fired and whole teams being let go because shareholders just aren’t able to put enough gold-crusted caviar on their end-of-the-month Salticrax. Nintendo’s shareholder’s aren’t the happiest at the moment, wit the Wii U’s poor sales – and they’ve asked Nintendo President why he hasn’t done any sort of corporate restructuring (read: lay-offs) despite the company incurring losses for the last two periods.
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.
Man, Mario gets all the attention; the best mushrooms and even all the girls. That all changes this year, because it’s the year of Luigi. That’s the overall message from the perpetually delightful Nintendo president Satoru Iwata from yesterday’s Nintendo Direct.
When the 3Ds launched, it did so at a price that many felt was just a tad too high. As a result, sales of the device slumped until the company decided to slash its price in a drastic attempt to further the device’s momentum. Nintendo doesn’t want to repeat that costly cost mistake - so expect the system to be…affordable.
Still feeling a little stung over the recent announcement that Nintendo is going to drastically slash the price of the 3DS? Are those free games, which you need online access and a quick region change workaround for, not appealing to you in any way? Well then, Nintendo has something more substantial for you then. An apology. From the heart.