By the hammer of Thor...
Seriously, though, as a number of people have already pointed out, what made this situation sososo worse is the drastic-ness of this reduction. 9m -> 2.8m is admitting that you were almost as wrong as you could possibly be and didn't see it - or were too ignorant to admit it - until the last possible moment. And that's definitely not a good position to be in. A series of less drastic cut backs over the past 3 financial reports would've made this situation slightly more tolerable. People like me would still mock him for being so off the mark to begin with but at least it would show he realised before now what dire straights the Wii-U is in.
The projected loss is surprising though. I'd have thought they would be able to maintain profitability through this, especially with some big software hits from the 3DS and still relatively decent sales from that.
I don't know what to think about removing Iwata. Personally, I like and dislike a great number of things about the guy, probably in equal measure on both. He does a hell of a lot of good and a hell of a lot of bad. I think I'd like to see what someone else could do at the helm, though.
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