Nintendo president Satoru Iwata has revealed at a shareholder meeting today that he won’t resign after the company slashed Wii U and 3DS forecasts drastically.
He has mentioned that he feels responsible for the poor business performance of the company and has apologized to shareholders.
His ultimate goal is to reinvigorate Nintendo’s business and he believes he needs to be there to see it through. Earlier he also explained why they slashed the hardware forecasts.
Nintendo is going through tough times but they have enough cash to pull it through. Iwata has proven himself before and there may not be someone better than him to handle the current situation. One thing is for sure though, the company needs to change its mentality and be more accommodative to current trends.
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