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Nintendo President Iwata Takes Pay Cut

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Posted January 30, 2014 by Felisha "Nightingale" Silva in News
iwata

We all know that Nintendo hasn’t been seeing the best of days when it’s come to sales of their latest console the Wii U. But with their continuing decline, Nintendo President Satoru Iwata has taken a 50 percent pay cut for the next five months, and the other board members will take pay cuts of 20 to 30 percent.

Last month, their nine month period ended on December 31st, their revenue earnings were down by 8.1 percent from the year before. Their profits were down even more so, by 30 percent. But regardless of hardware sales, their software sales are still doing quite alright. 3DS game sales are doing the best it seems, with titles like Pokemon X & Y selling 11.6 million, Legend of Zelda: A Link Between Worlds selling 2.18 million in just a month’s time, and Animal Crossing: New Leaf selling 3.5 million. As for the 3DS systems, they’ve sold 42.75 million handhelds worldwide.

We can only hope things will get better for the company and that the Wii U will begin to sell more. With big titles coming up like the new Super Smash Bros., Hyrule Warriors, the new Zelda U, and Mario Kart 8, one would hope that these titles will boost sales. We’ll just have to wait and see.

[Source: IGN]

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About the Author

Felisha "Nightingale" Silva

Salutations! I'm Nightingale, also known to the internet world as 'Geek Mom of Awesomness'! I'm an avid gamer, artist, anime enthusiast, cosplayer, & blogger! I'm a huge Nintendo fan, & a Legend of Zelda fanatic. Growing up, while average little girls were busy playing with Barbies, I was busy mastering the Legend of Zelda, & battling Mother Brain on Super Metroid... I live for my family, my video games, and my art! Hey, wanna game with me? Here are my gamertags, feel free to add me! PS3: Myojin_of_Souls Xbox 360: xXSadisticaXx Wii U: SkywardPrincess

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