Nintendo Co. President Satoru Iwata, who tripled revenue by introducing hits like the Wii console, is coming under fire from investors and analysts after the company’s latest game machine flopped.
Though Iwata had vowed to deliver ¥100 billion in operating profit this fiscal year, the world’s largest maker of video game machines instead forecast a surprise ¥35 billion loss, blaming poor sales by the Wii U. The company last week cut projections for Wii U unit sales by 69 percent and game sales by 50 percent.
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