The head of Nintendo said Wednesday he would slash his salary in half after announcing a 30 percent dive in nine-month profit on weak demand for its new Wii U console as gamers are enticed by cheap, downloadable games for mobiles. President Satoru Iwata told reporters he would draw a reduced salary for five months to atone for the downturn, while other members of the board will take a pay cut of between 20 and 30 percent. Nintendo is due to hold an analyst conference Thursday to outline plans for a new business strategy. "Nintendo's worse-than-expected performance is mainly due to a slump in the Wii U," said Hideki Yasuda, a games analyst at Ace Securities in Tokyo.
via Gaming News Headlines - Yahoo! News http://ift.tt/1mWCsEM
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