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FEATURED VOXPOP shandog137
So much more than war...
By shandog137
Posted on 04/18/14
The recent blog, Peace in the Era of Call of Duty  really made me think about war games that dig deeper than simply a kill streak reward. The first game that came to mind was Spec-Ops: The Line and although I haven’t played it, I began to wonder if it did the war genre as...

GAMING NEWS

Iwata Takes Pay Cut as Nintendo Profits Fall

Posted on Wednesday, January 29 @ 05:07:07 Eastern by Alex_Osborn


Nintendo's nine-month financials are in, revealing that both the company's revenues and profits took a considerable dip. Revenues are down 8.1 percent from last year at $4.8 billion, and profits dropped to $96.7 million, a 30 percent decline.

As such, Nintendo president and CEO Satoru Iwata has taken a 50 percent pay cut for the next five months. In addition, members of the board are taking 20 to 30 percent cuts in pay as well.

Sadly, just 2.41 million Wii U consoles have been sold since April 2013. Compared to the year prior, that's 3 million less consoles, which is all the more disheartening when considering the slowly growing library, price cut, and release of Super Mario 3D World.

Nintendo plans to hold an investor meeting tomorrow where we'll likely hear more on how it plans to remedy the company's current issues.

[AFP]
Tags:   Nintendo, WIi U, 3DS


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