Nintendo President Satoru Iwata promised less than three months ago to improve Nintendo’s financial performances. Mr. Iwata had pledged that Nintendo would see an operation profit of 100 billion yen (1 billion USD), yet unfortunately things aren’t going to his plan.
According to Bloomberg Mr. Iwata is expected to announce an estimate shortfall of 18.7 billion yen. Experts anticipate that Nintendo’s operating profit will be 70 billion yen for the fiscal year which started the beginning of April, and is well short of his commitment.
The declining value of the yen again other foreign currency has been helpful for Nintendo, though the Nintendo Wii U library has been for the most part weak and major titles have been delayed. Also to be considered is the unknown with Sony and Microsoft’s next gen consoles as they have yet to both cross the starting line.