President wont resign, stock takes major hit…this is the news today: http://www.ign.com/articles/2014/01/17/nintendo-ceo-iwata-says-he-wont-resign
So what happened? Well the wii u is just not doing well. Why? Well there are a few reasons that I will break down here:
1. Poor Name. Seriously what were they thinking. Wii U? It makes no sense. It does NOT signify that this is a new console. In fact, I had to look it up to really try to figure it out. I thought maybe it was just an upgraded wii. Sure I get that Nintendo wanted to use the same household name ‘wii’ but even wii 2 would have been 10x better. Anything really would have.
2. Games. Where are the big blockbusters? When the n64 was released they had zelda and mario 64 at launch. That is how you launch a nintendo system. Nintendo knows this. Where is the new zelda? Where is mario kart? Where is Super Smash bros? They are coming out over a year after console launch. Bring back metroid, megaman, etc. These games will sell the console. But they needed to be there at launch and over holidays. Too late for Q4 of 2013.
3. Online play. Get with the program nintendo. I know its gotten much better than it was when wii first came online but its now 2014. Check out what MS/Sony/PC are doing with online multiplayer and multimedia and at least make yourself competitive with them.
4. Hardware upgrade. The wii u was not as powerful as old gen xbox 360/ps3. Really? I get wanting to keep prices down and we do not care that much about graphics but Nintendo really needs to step it up here.