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Iwata Shoulders 3DS Blame, Takes 50% Pay Cut

Author:
Matt Gardner
Category:
News
Tags:
DLC, Nintendo, Nintendo 3DS, Satoru Iwata

Iwata Shoulders 3DS Blame, Takes 50% Pay Cut

The 3DS hasn't quite set the world on fire and, with reports from last week that Nintendo's plummeting share prices cost former Nintendo president Hiroshi Yamauchi half a billion dollars in a single day, Iwata announced at the end of last week that he, and a number of other executives, would be taking a pay cut.

Taking responsibility for the market failures of the 3DS, Kotaku reports that Iwata outlined a programme of paycheck cuts towards the to pof the company. 'For cuts in fixed salaries, I'm taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut,' said the Nintendo president.

At a Q & A with shareholders, the possibility of DLC was also bandied about. According to Andriasang, 'Nintendo is currently preparing a paid item transaction system for both 3DS and Wii U, Iwata revealed. For 3DS, this will be available to developers by the end of the year'.

There are slight concerns, however, that 'pursuing certain types of low quality paid download content opportunities -- things like unlocking keys or stat increases -- would, while likely increasing short term profits, not allow them to build along term relationship with customers'. It is therefore perhaps somewhat unlikely that we'll see Nintendo taking such an initiative on themselves, but rather using it as a way of sweetening the pot for potential third party partners.

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