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From the Wall Street Journal
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In a snap news conference called in Osaka, Nintendo President Satoru Iwata admitted he had misread the markets and hadn't issued "the appropriate instructions.'' He said the company needed to change and "propose something that surprises our customers."
"The way people use their time, their lifestyles, who they are—have changed," Mr. Iwata said. "If we stay in one place, we will become outdated."
Mr. Iwata also said Nintendo was considering a "new business structure," but declined to give further details. The company plans to hold a strategy briefing on Jan. 30.
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In a snap news conference called in Osaka, Nintendo President Satoru Iwata admitted he had misread the markets and hadn't issued "the appropriate instructions.'' He said the company needed to change and "propose something that surprises our customers."
"The way people use their time, their lifestyles, who they are—have changed," Mr. Iwata said. "If we stay in one place, we will become outdated."
Mr. Iwata also said Nintendo was considering a "new business structure," but declined to give further details. The company plans to hold a strategy briefing on Jan. 30.
