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Iwata Announces Inevitable Resignation

By Kevin on Jan 31 2013 01:44 PM
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Image Source: David Gibson

Stop right there! It's time to take a step back and look at the title of this article. As it implies, Global President of Nintendo, Satoru Iwata, is leaving Nintendo. But is he? Unlike a large number of the other online sources, specifically those who report about Nintendo, we're making no claim that.

A recent quote from Mr. Iwata-san has been chewed up and disfigured, much like how a garbage disposal processes unwanted scraps of food. Like an army of soldiers taking over a helpless plot of land, rumors of him "stepping down" have soullessly infiltrated the Internet. Sources have digested a very standard statement and regurgitated it into a steamy pile of twisted, mangled and infectious nonsense.

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The nasty rumors you've been hearing about, in regards to Iwata's resignation, stemmed from a recent quarterly earnings meeting that was held in Japan.

During Iwata's presentation on Nintendo's earnings, he made the following statement:

Satoru Iwata said:

We feel greatly accountable for this severe outlook. We plan to actively release our key titles for Nintendo 3DS which could potentially lead the markets this year.

A $1 billion dollar operating income has been targeted for Nintendo's upcoming fiscal year. In reference to the targeted income, Iwata says:

Satoru Iwata said:

Please understand that [achieving it] is my commitment.

Iwata isn't here to defend himself of all the mis-reporting, so we're doing it for him. To our fans and readers, we would like to ask a few questions.
  • Have Nintendo sources taken Iwata's statement a bit too far?
  • Will Iwata step down if the targeted earnings aren't achieved?
  • Does Iwata's statement express any solidity that he's leaving?
  • Are reporting sources so starved, that they have to resort to publishing misleading information?
  • Are we taking this issue too far?

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Comments: 7

Hmmm. Well I am glad for this article because I was really confused today.
Gods dammit my initial comment got swallowed up, stupid mobile.
I'll just be short then: Internet trolls need to grow up when it comes to Nintendo trolling (I think i might stop visiting Nintendo life website). It can be damaging especially if clueless investors come across such articles.
Personally I think those Nintendo Sources are taking that statement too far.
I think this is just making a big deal out of nothing.
I think it's amazing how a small statement about the targeted earnings means he might resign if it's not met.
I feel that a successful Japanese company would operate differently than a North American one. The tough economy continues to impact people's spending habits for the 3DS and Wii U and it's also fighting against the unprecedented success of the Wii and DS systems. You add that to the new challenges of game development that Nintendo faces by moving into the HD world and I think investors would cut Mr. Iwata some slack.

Nintendo is still the MOST SUCCESSFUL video game company with the rights to some of the most lucrative intellectual properties the world has ever seen. The captain of the ship is still doing a damn fine job.

I have multiple friends who are waiting on getting a 3DS until Animal Crossing New Leaf arrives in North America.

The games are coming, I see no point in worrying. They will drive the sales of the gaming systems so that Nintendo and its lovable leader Mr. Iwata are around for many years to come.


Are reporting sources so starved, that they have to resort to publishing misleading information?

You might be onto something. Sony and Microsoft may be holding back news for E3 forcing reporters to read into things a bit too deeply.

I'm hopeful that 2013-2014 will be decent years for the video game industry. New consoles, new innovations, and new games — that's hopefully all that's needed to see success for everyone.
people just be cray cray all deh tyme
It could happen alot of people leave big companies to form new ideas or new companies.

Buffinator, on 08 April 2013 - 11:44 PM, said:

It could happen alot of people leave big companies to form new ideas or new companies.

Breaking News: Iwata Leaves Nintendo, Creates Niwatatendo

Just kidding! XD