Pay Cut  Tagged Articles RSS Feed | Pay Cut  RSS Feed on en Launch Media Network Wii U Adding Nintendo DS Games via Virtual Console Thu, 30 Jan 2014 04:27:50 -0500 Courtney Gamache

Due to some financial incidents throughout Nintendo, the CEO, Satoru Iwata announced that the Wii U will support some Nintendo DS games through the Virtual Console Service.

What financial problems?

With this recent look, Nintendo announced that they lost $15 million throughout a 9-month period lasting until this past December 31st, 2013. This loss is due to overestimated the amount of Wii U and 3DS consoles that would be sold. As a result, many people including the CEO Satoru Iwata will be taking a pay cut. For a full look into this situation and outcome, refer to this article.

Yay, DS games!

Many games haven't been announced for the Wii U Virtual Console Service, but one that we should expect is Brain Age. During this conversion, it's best to keep mindful to the fact that the games must play well on the Wii U's gamepad, which could be considered a difficult task. At the current time, there isn't a release date to when the DS games will be available on the Wii U Virtual Console Service, but we can expect more news within the upcoming months.

What do you think about DS games on the Wii U? Comment! 

Nintendo Faces Financial Issues - CEO Slashes His Pay for 5 Months Wed, 29 Jan 2014 14:01:24 -0500 Courtney Gamache

Nintendo is currently facing financial issues due to the marketing sales on the Wii U and 3DS. The company expected to sell more consoles than they did, so some people are taking a pay cut to help the company push forward during this crucial time.

Financial Problems?

The unexpected financial problems that Nintendo is facing is mostly due to the fact that they had to cut their Wii U sale expectations by two-thirds. The original expected amount was 9 million, and they've had to reduce it to 2.6 million. This expectation of 2.6 million will happen during the 12-month period until March 2014.

In a recent announcement by Nintendo, their third quarter financial results concluded that they loss about $15 million for the nine months ending in this past December 31st, 2013. This is quite devastating considering how highly the Nintendo company is looked upon.

Who's taking Pay Cuts?

One of the "head honchos" in Nintendo, CEO Satoru Iwata, will cut is pay by half for the next five months. He won't be the only one, since other members of the Nintendo board will cut their pay between 20-30%. They're definitely team players by doing this voluntarily after the financial loss this past December.

Although Nintendo is facing problems at the current time, I believe they'll bounce back in no time with another hit console or game that will change the tables in their favor.

What do you think about this recent financial problem in Nintendo?