1 Aug, 2011
It’s not all bad in Nintendo Land, according to President Satoru Iwata. While numerous reports have come about highlighting Nintendo’s shares going belly up in the last few days, the announcement to cut 3DS’ prices wasn’t because of poor performance.
In a report from Andriasang, during a Q&A session on Friday for investors Iwata said the decision was made because of the state of Nintendo’s finances. It wasn’t going bad, it was actually going well. With the success of the Wii and DS, Nintendo had the means and opportunity to take some risks, and take them they did. The decision for the 3DS price cut was also spurred on by lessons learned from the by-gone days of the GameCube.
With all the price cutting, you have to wonder where Nintendo is taking the losses. Apparently Iwata revealed he’ll be the one taking a 50 percent pay cut with this decision, made by Nintendo’s management and not just Iwata himself. If you feel bad for Iwata-san, maybe you should go out and buy a 3DS.
Via CVG.
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