Satoru Iwata of Nintendo. Is the Big N's big cheese in trouble?
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Nintendo’s flailing, but it has options that don’t include firing its CEO (analysis)

  • Posted byby Dean Takahashi
  • Updated
  • 6 min

Nintendo reported last night that it would suffer its third consecutive annual loss because of slow acceptance for the Wii U video game console. Satoru Iwata, the chief executive of the Kyoto, Japan-based company, said that he would not resign and that he is planning on reinvigorating the company’s business.

The company’s stock price fell 21 percent after the news. The company’s fortunes have sunk from a high a few years ago, when it was trouncing Sony and Microsoft in the console wars with the Wii, to a new low yesterday with obviously bad holiday results.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.