Nintendo CEO Satoru Iwata may not be stepping down but he will once again be taking a major pay cut as a result of poor sales of the Big N’s fledgling Wii U console. So far, the company has continued to not draw the point across of what exactly the GamePad does to add extra excitement to gameplay like they were able to do with the Wii’s Wii remote controller which became such a phenomenon years ago.
As a result, Iwata is cutting his salary in half for the next five months (similar to what he did when the original 3DS launched with a $299.99 price point) years ago. However, he’s not the only one cutting back. Other Nintendo board members are slashing their pay back ranging at between 20 to 30 percent off their normal salary. Nintendo announced last week that sales expectations for the Wii U are being reduced to two-thirds with an expectation to hopefully move 2.8 million units by March 2014.
Even more dismal was the announcement of an operating loss of about $15 million for the nine months which ended on December 31, 2013 when it was expected that at least 9 million Wii U consoles would have been shifted into sale mode.