Nintendo‘s Wii U is failing, but the company’s president said he won’t step down.
Early this morning, Nintendo reported that it is revising its annual forecast. The company now expects a net loss of $240 million. That’s counter to the publisher’s previous estimates that predicted it would bring in a net profit of $530 million. Despite these gloomy figures, Iwata insisted he will continue as president of the storied gaming company, according to Japanese news site Nikkei.
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