Latest Satoru Iwata Stories

Nintendo Cuts Profit Forecast Despite Improving Sales
2012-10-24 13:46:19

Lee Rannals for redOrbit.com — Your Universe Online Nintendo has cut its profit forecast for the year by about a third, backtracking now by saying it anticipates profits of $250 million rather than $438 million. The Japanese company downgraded its forecast despite figures showing an improvement in operating losses. Annual sales of Nintendo's 3DS handheld player will be 17.5 million units, which is a 5.4 percent decrease than what was previously estimated. Nintendo also lowered...

Nintendo Introduces Miiverse, Slowly Admits The Existence Of Other Mobile Platforms
2012-06-04 10:56:49

Michael Harper for redOrbit.com Nintendo announced 2 very large pushes into new markets this morning, just ahead of this week´s E3 Conference in Los Angeles -- Mobile and Social. “Miiverse” will work with Nintendo´s controllers for their newest generation of Wii, called Wii U. Not only can gamers use these new controllers to hunt down the enemy and save the day, they can also use them to connect with their friends and discover which games are most popular among the...

2011-01-11 08:04:00

SAN FRANCISCO, Jan. 11, 2011 /PRNewswire/ -- Organizers have revealed that Satoru Iwata, President of Nintendo, will keynote the 2011 Game Developers Conference held this March in San Francisco. Coinciding with the 25th iteration of GDC, the world's largest professionals only video game event for learning, networking, and inspiration, Nintendo's Iwata will present a major keynote around this milestone entitled "Video Games Turn 25: A Historical Perspective and Vision for the Future."...

2011-01-10 11:00:00

The persinal gaming battle is heating up as Nintendo Co. has announced plans to ship 1.5 million of its 3D capable handheld game systems. "The company will work on preventing the shortages of products that happened earlier when DS versions were first released," Nintendo President Satoru Iwata said in an interview with the Nikkei business daily published on Monday "It's important that we ensure a continuous supply," Iwata was quoted as saying by the Nikkei. After an initial Japanese launch on...

2010-10-29 13:10:00

Nintendo's president said on Friday that the company will "focus on limited deals in cooperation with retailers and special packages" to help boost sales of its popular Wii console during the holiday shopping season, the Associated Press (AP) reports. Satoru Iwata said at a Tokyo hotel that those who had not bought a Wii already will likely need an additional reason to buy, such as a bargain.  The Wii, which first went on sale in late 2006, currently sales for about $200. ...

2010-06-17 11:55:00

Nintendo says it feels no pressure to reinvent the pioneering motion-sensing games platform after Microsoft and Sony both decided to jump into the market. President Satoru Iwata said there is still life left in the Wii and that updates of popular games like Metroid, Donkey Kong and Wii Party will keep it moving off store shelves. "I do not think that there is an immediate need to replace the Wii console. But of course, at some point in the future, the need will arise," Iwata said through a...

2010-06-16 06:15:00

Nintendo unveiled a new version of its DS handheld gaming system on Tuesday, that lets people play 3D games without using special glasses. The system, called Nintendo 3DS, was unveiled on the opening day of the Electronic Entertainment Expo (E3) at the Nokia Theater in Los Angeles. Nintendo chief executive Satoru Iwata said he cannot wait for people to try the new device as he held one above his head at a press conference. "It will show you full 3-D graphics without the need for special...

2010-05-08 07:40:00

Nintendo plans to unveil a 3D version of its handheld device in hopes of driving a new gaming revolution, much like the motion-sensing Wii console did. President Satoru Iwata gave little information about the 3D gadget; only saying it will offer a whole new gaming experience to players. He also shrugged off suggestions that Nintendo has passed its peak in growth after the company announced a decline in annual profit on Thursday for the first time in six years. Nintendo saw net profit fall...

2009-04-15 09:00:00

BEIJING, April 15 /PRNewswire-Asia/ -- Howell International Trade Fair Ltd. announced today confirmation that Mr. Satoru Iwata, President of Nintendo Co., Ltd., creators of the legendary Wii, will join the Honorary Advisory Board of the China Game Developer Conference (CGDC). Howell notes that as one of the global leaders in the gaming industry, who's Chief already confirmed their attendance at the CGDC, the addition of Nintendo's President to the Advisory Board will be of far-reaching...

2009-04-09 10:10:00

Sales of the Nintendo Wii video game console have dropped in Japan as the economic crisis continues to throttle the video game industry, the AFP reported. But despite weathering its toughest time yet in the competitive Japanese market, Nintendo said it does not plan to cut the Wii's price. Nintendo Co. president Satoru Iwata said the Wii is in the unhealthiest condition since it hit the Japanese market. "The current condition in the Japanese market is not the one we want," he added. He said...

Word of the Day
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.