Nintendo's Iwata: Resignation "Not an Option"

Nintendo president Satoru Iwata has denied that he will be resigning from his post while also stating that the Wii U has not 'crossed the chasm' between early adopters and 'early majority' (of consumers).

The Nintendo boss has also asserted that the Wii U will not be seeing price cuts any time soon despite its failure to sell or to attract third-party support. He stated in a Q&A with analysts:

"Nintendo 3DS had a difficult beginning, but we managed to turn it around later. So far, we have not been able to do so with Wii U. This is where we stand right now. I have never thought of resignation as an option, and I believe that my job is to do whatever I can do to deliver results, and I am as passionate about this responsibility as ever."

He continued, "However, as we need to take responsibility in some way, we announced that our management would receive compensation cuts."

And talking of cuts... "Regarding Wii U, it is not easy to make a significant profit with the current units sold. The price reduction of the hardware in the overseas markets represents a large amount of our total expenditure for this fiscal year, but based on the premise that we will not make such a reduction in the next fiscal year, I think our business can operate without such a negative effect on our profitability."

Source: Nintendo