Nintendo Shares Plummet!

[osed125]

Yakuzaice said:

osed125 said:

He was responsible for the Wii, DS (biggest successes Nintendo has ever had) and 3DS comeback. If it wasn't for those things Nintendo would be literally bleeding a lot of cash right now. I don't understand why people like to ignore these things.

Not saying he's doing a good job now, but without him, Nintendo would be in a much much more dire position.

Nintendo literally is bleeding cash right now.  The fact that the 3DS needed a comeback is what started the bleeding.  There is also the question of long term viability for their business.  The 3DS has seen a steep decline from the DS, and potentially a decline from the GBA as well (though it might get more years before a successor, allowing it to sell more).  The Wii U is on track to be their lowest selling console ever.  Considering some of his comments, it seems that Iwata was just hoping for a miracle with the Wii U over the holidays.  That isn't a very sound business strategy.

I don't agree with the current Iwata's strategies, I thought that was clear. 

I'm just saying he has made good decisions as of recent, not everything he has done is bad.