1 Feb 2014

Iwata talks about his successor, Nintendo's future plans and the company's poor performance

Iwata talks about his successor, Nintendo's future plans and the company's poor performance, Know all after the break...

The Japanese newspaper Nikkei , who has posted an interview with Nintendo President Satoru Iwata where he talked about the business plans , about reviving Nintendo in the home console market and also about what he thinks of a future successor to his position .

Read below some parts Quote Iwata to the newspaper :

About apps for smartphones :
Applications that convey the quality of Nintendo products . They can be games and they can use the Nintendo characters . Ideally, it is something that is used daily . No plans to launch Nintendo games for smartphones and not think just porting games to the company they can help us .

How to revive the business of home consoles :
During a period when we launched the DS and the Wii , many also thought they had no future in the video games market. The Wii U is not going very well right now , but one game can change everything , as it was with the Pokémon Game Boy

About the recent announcement to invest in health and quality of life :
Nintendo has always changed , now it's time for a new change.

About finding a successor :
With 54 years old , I'm not so old among other CEOs , I still have plenty of time . It's not something that I think in the near future . Nintendo can not find someone suitable for the job from one day to the night .

About what caused the poor performance of Nintendo :
Nintendo has undergone continuous changes over the years , from letters Hanafuda for video games , and offering the latest systems such as the Wii . But the gaming industry is in a period full of new developments such as the emergence of smartphones .

Nintendo of specific strategies :
We will change the way we sell products, manage customer information through the Internet . We will offer discounts for regular customers . Let's cultivate emerging markets and launch new businesses in health care and other areas . In an emerging country , you can expand the user base only after offering a product line different from advanced economies in prices. We must abandon old assumptions about our business . We are also considering mergers and acquisitions as an option . For this reason , we will intensify buybacks.

Iwata seems to be very confident even with all these new changes . So reader, what do you expect from the future of Nintendo? Comment! Japanese newspaper Nikkei , who has posted an interview with Nintendo President Satoru Iwata where he talked about the business plans , about reviving Nintendo in the home console market and also about what he thinks of a future successor to his post .

Read below some parts Quote Iwata to the newspaper :

About apps for smartphones :
Applications that convey the quality of Nintendo products . They can be games and they can use the Nintendo characters . Ideally, it is something that is used daily . No plans to launch Nintendo games for smartphones and not think just porting games to the company they can help us .

How to revive the business of home consoles :
During a period when we launched the DS and the Wii , many also thought they had no future in the video games market. The Wii U is not going very well right now , but one game can change everything , as it was with the Pokémon Game Boy

About the recent announcement to invest in health and quality of life :
Nintendo has always changed , now it's time for a new change.

About finding a successor :
With 54 years old , I'm not so old among other CEOs , I still have plenty of time . It's not something that I think in the near future . Nintendo can not find someone suitable for the job from one day to the night .

About what caused the poor performance of Nintendo :
Nintendo has undergone continuous changes over the years , from letters Hanafuda for video games , and offering the latest systems such as the Wii . But the gaming industry is in a period full of new developments such as the emergence of smartphones .

Nintendo of specific strategies :
We will change the way we sell products, manage customer information through the Internet . We will offer discounts for regular customers . Let's cultivate emerging markets and launch new businesses in health care and other areas . In an emerging country , you can expand the user base only after offering a product line different from advanced economies in prices. We must abandon old assumptions about our business . We are also considering mergers and acquisitions as an option . For this reason , we will intensify buybacks.

Iwata seems to be very confident even with all these new changes . So reader, what do you expect from the future of Nintendo? Comment!

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