Nintendo president Satoru Iwata announced today in a earnings conference, that he and other high-ranking members of the video-game company would be taking a pay-cut for the first half of 2014. The announcement comes after a shocking seventy percent slash to the original Wii U financial forecast for the year. Iwata informed reporters today, that he would take a fifty-percent cut to his wages from February until June - while other directors and board members would be cut anywhere from twenty to thirty percent.
After the five month pay decrease, depending on the state of the business, decisions will be made as to whether the cuts will stay or go. A meeting is set for tomorrow, January 30th, to discuss plans that may ensure solid gains for the gaming company in the upcoming future. Iwata is quoted as saying, "How to utilise smart devices is the theme of our management policy conference". This could be misconstrued into the fact that Nintendo is going to start making games for the mobile platform. However, according to a press-release to Tech-Radar, the company is not currently looking to release games on the smart phone just yet. Here's an excerpt from the release:
Nikkei's article contains information previously stated by Mr Iwata during past press conferences, including statements which relate to Nintendo's willingness to make use of smart devices to promote our products,"
The release goes on to say:
"However during such past announcements Mr Iwata has also stated that Nintendo's intention is not to make Nintendo software available on smart devices and as such, we can confirm that there are no plans to offer mini games on smartphone devices"
While we don't want to see the Nintendo brand watered down by simple mobile clones, we still hope that they can shake their financial woes and gain some of their market-share back with the Wii U. With 2014 in full swing and still no huge next-gen releases, it's high-time for Nintendo to spring into action and take the gaming world by storm. The ball is in your court Iwata.