Nintendo president Satoru Iwata has discussed reasons why the company started the year with a 60% profit decline, and how to make up for it this year.
As part of a follow-up question and answer session after first-quarter results, Iwata reflected on the holiday season 2008. On the Wii front there were two main offerings from the Japanese giant - Wii Music and Animal Crossing: Let's go to the City, and despite having good enough sales figures, 2.65m and 3.38m copies respectively, didn't meet Nintendo's expectations. The company president felt there was a lack of longevity that there was, and is, with games like Mario Kart Wii and Wii Fit.
We find that the reason of downturn in Wii sales can be attributed to two main factors - we could not launch Wii Sports Resort earlier and could not make the software launched in the last holiday season have longer tails.
Nintendo's hoping that the launch of Wii Sports Resort, New Super Mario Bros. and Wii Fit Plus will see improved performance from last year, with Iwata predicting that each could sell around 10 million units around the globe this year.
These three titles have already been available for hands-on demonstrations at E3 this year. They were highly evaluated by most of those who actually tried them. Distributors also gave feedback like 'The key player of this holiday season will be Nintendo as expected.
What do you think of Nintendo's approach to 2009? Will this threesome of Nintendo names be enough to get through the holiday season?