Topic: Iwata comments about upcoming Investor Meeting

Iwata says “Wii U isn’t in good shape”, more price cuts unlikely, will talk about smart devices at investor conference, more
http://nintendoeverything.com/iwata-says-wii-u-isnt-in-good-s...

• Nintendo president Satoru Iwata commented on a few topics ahead of the company’s investor briefing set to take place later today.
• Of Nintendo’s buyback initiative, Iwata said that Hiroshi Yamauchi’s heirs will have to pay inheritance taxes and may need to sell shares. He also remarked:
  “That won’t merit shareholders, that’s why we decided on the buyback. But that’s not all the reason. We’ve been rewarding our shareholders mainly through high dividends, but we cannot generate as much profit as we used to make.”
• Iwata and other top Nintendo executives – including Shigeru Miyamoto – will be taking pay cuts starting next month. But rather than focusing on how he would “take responsibility when things don’t work out in the future,” Iwata is instead concentrating “on how to rebuild Nintendo”.
• “I’m concentrating my mind on how to rebuild Nintendo rather than how I would take responsibility when things don’t work out in the future.”
• “The Wii U isn’t in good shape. That’s the presumption we have as we consider reform.”
• More price cuts for Wii U are unlikely, as Iwata believes doing so would not spark fresh demand.
• Last but not least, Iwata confirmed Nintendo’s plans to discuss its strategy for “using smart devices” to jumpstart a turnaround during its investor briefing set to take place in several hours.

I thought this was happening on the 30th. Or is that a different meeting? I'm confused.

I'm glad to see Iwata is very resistant on firing staff employees. I'm also glad, no high workers at Nintendo resigned. They all seem to be very confident on recovering any damages the Wii U made in 2013.

Oh that's right. Keep forgetting the huge time zone difference.

I do agree that they need to get the kids into Nintendo gaming more. But this entire thing should begin and end with Iwata saying "we failed to turn our new non-gamer audience with Wii into hardcore Nintendo fans with the Wii U" as far as I'm concerned.

It's kinda sad that a CEO saying he would change things if things didn't work out for Wii U last holiday season and then is going ahead to do just that is something that needs a ton of praise, but compared to the "abandon ship I'll get my money elsewhere!" mentality of certain other CEOs, I'll take it.

That's what matters to me, too. He's a good man.

What he's said about not focusing on kids enough kinda worries me.

But the things is that they probably need their money elsewhere. That is why most investors want Nintendo to be in mobile industry but I don't think that is a good idea either. Only thing I can think of for Nintendo to be in mobile industry is to create an Nintendo Phone. That's way they are not losing profits on hardwares and the softwares are only available on their hardwares.

Quite frankly it worries me to.

Yeah, I can't help but feel a little uneasy from that statement myself. But hopefully what he means is focusing more on kids, but still attracting the older crowd.

He'd be an idiot not to, since nearly every other major gaming device that isn't Nintendo is basically dominated by adults or kids pretending to be adult. When they want to Nintendo entirely owns that demographic nowadays, iOS aside. Also, occasionally Nintendo makes incredibly mature kids games, which is awesome of them (Majora's Mask and Mother 3 being the obvious examples).

"We haven't been targeting children enough"
That's it. We're done. NINTENDO IS DOOOOOOMED.

@JonnyKong Same.

uhh... i think that is a mistranslation: www.neogaf.com/showpost.php?p=98864655&postcount=651

Come to think of it, I don't think Nintendo has been targeting, well, anybody as of late.

^Trur DAT

A rumor of what's coming tonight per GAF
Nintendo is working for several years on a new System. Not just a gaming system.

-Nintendo Direct is planed for this upcoming week = Mario kart 8 release date, Super smash bros release date, two new game announcements.

-Pokken is real. Pokemon/Tekken. Release date set for September 2014.

-Two Metroid games in development. One almost finished. Releasing Oktober 2014.

-ZeldaU is releasing Holiday 2014. Much darker and mature - u can feel the spirt of majoras mask in it.

-Japanese third partys are gathering closer around Nintendo. New exclusive deal and ips are going to be revealed.

-we are going to see at least 3 old long anticipated franchises from Nintendo this year

-New miyamoto ip. Only information is that there is no information. Kept very secret.

-eshop and retail games are getting cheaper

-Nintendo is going to drop some huge game changing suprises.

Well like i said, take it with a grand of salt, but according in what position my source is working, it seems really trustworthy.

Take with a grain of salt.

@shingi_70: How much daily salt intake I need?

Even it is trustworthy to you but its still seem a bit sketchy to me.

Not trustworthy to me at all. When it comes to GAF and gaming in general I really only put stick in the Sony/Microsoft rumor mill.

Prediction: Nintendo might be going to Skylanders/ Infinity route.

Even if any of those rumours were true, the one I can't possibly believe is the Nintendo working on a new system for "several years", what, alongside the Wii U? It's just somebody who's a fanboy making up wishes for what they want Ninty to reveal soon.