Satoru Iwata to Retain His Position as Nintendo’s President

By   /   Jun 27, 2014

Nintendo’s Satoru Iwata has been re-elected by board of directors in annual shareholders meeting and will retain his position as the president of the company.

In 2011, Satoru Iwata’s stock was incredibly high with an approval rating of almost 93.00% but in 2013, the rating dropped dramatically to 77.3%.

The biggest problem Nintendo is facing at this moment is a lack of third party titles – apart from Ubisoft, there aren’t many developers that are supporting either Wii U or 3DS console.

Due to this reason, developer has to rely on its first party titles, which without a doubt are great, but certainly cannot save the drowning giant.

In related news, recently released Mario Kart 8 is doing really well in the market with latest reports suggesting that over 2 million units have been sold in a short time.

The future does look very bright for Nintendo as their E3 conference was a huge success with the company revealing a bunch of new titles including Zelda for Wii U, Bayonetta 2, Mario Maker and a lot more.

Furthermore, all of these titles will be coming to consoles in a period of next 18 months.

What do you think of this decision by the board of directors to retain Satoru Iwata as Nintendo’s President?