That is actually pretty pathetic. Something like that shouldn't be said by any CEO if he doesn't want to appear like a joke.

"We can turn this ship around! I just have no idea how."

Also it's completely out of context. If Iwata can't see the difference between Gameboy and Wii U, Nintendo definitely is doomed.

Nintendo really just need to stop with this suggestion. It seems as though they're basing their whole business strategy around trying to find ONE megahit

Here is the same "news" from Iwatas presentation for investors from "Third Quarter Financial Results Briefing for Fiscal Year Ending March 2015"

http://www.nintendo.co.jp/ir/en/library/events/150217qa/02.html

Question number two about the structure of Nintendos divisions is an interesting read.

I bet you already read this...

executice A: How about making an actual console Pokemon just like the handheld games, but using all the power of the WII U?

every single other person in the room: NOOO!!!!

Any exclusive the Wii U has right now could do it. But it won't do them any good if they don't advertise it.

Yeah, we should ban them. Like we banned that other site nobody remembers anymore.

You mean like this one?

U guys are taking what he said way out of context, I suggest reading the full answer before jumping the gun.

The original question was how can they expect to return to Nintendo like profits with their current businesses since 3DS has started to decline and Wii U costs alot to produce.

Iwata is in no way saying that they are banking on a single piece of software to fix their problems, he is just using Pokemon as an example that u can't count out a platform until all is said and done.

Basically he's saying with new software there is no reason that 3DS can't stop the decline or that Wii U can't continue to see inprovement.

Nintendo clearly isn't banking on a single piece of software to revitalize Wii U considering they have close to a dozen 1st/2nd party exclusives lined up for the year, games that belong to many different genres and aimed at different demographics. Things like Xenoblade and Zelda which are quite possibly Nintendo's biggest and most ambitious titles ever in terms of size, new ip like Splatoon and Devil's Third, the return of Star Fox after a decade, a new take on their most popular franchise ever in Mario Maker, and new quirky installments of Kirby, Yoshi, Mario Party while also trying to push Amiibo in new ways.

As for 3DS, they have a new revision that improves in almost every way, the long awaited remake of Majora's Mask, Monster Hunter 4, a new ip in Codename STEAM, a crossover of one of Japan's most popular mobile games, a port of Xenoblade which will help give franchise more exposure and help future installments, a new Fire Emblem which will hopefully help continue to grow the franchise, the localization of Youkai Watch which has gone on to be one of the most successful titles in Japan, alongside other unannounced things.

So just because Iwata says that a single game can change a platforms fate doesn't mean that's what they are banking on.

So Iwata agrees with me that current mass market don't care/don't hold it high standard, etc so don't want to buy the console but fans think customers don't want to give Nintendo a chance?

I think Iwata made my point for me.

Yes it is.  And the comment system there is evem worse.  I do use the site though, as they tend to aggregate most of the "news" without the minutiae that Nintendo Everything gives.  It's been a nice alternative to Joystiq and Kotaku who seem to focus on even mobile more than Nintendo these days (well, before Joystiq was caput).

Besides...MyNintendoNews often gives us some of the worst articles that lead to some of the best threads...so I say we keep 'em around for the lols.