Iwata "greatly accountable" for Nintendo losses
Nintendo president Satoru Iwata has told investors he feels "greatly accountable" for the company's dismal performance this year which has left it facing its first-ever annual loss in the videogame business, and outlined a programme of change in a bid to reverse the company's decline from the incredible profitability of the Wii and DS era. Speaking to investors following the announcement of Nintendo's financial results earlier this week, Iwata outlined several major changes on which rest the prospects of a reversal in fortunes - and, perhaps, of him hanging onto his job. More >
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