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Old 03-11-2013, 07:47 PM   #1
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Analyst Michael Pachter - "Iwata is a poor CEO and Nintendo's a Bad Company"

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Pachter: Nintendo is bad and Iwata is a poor CEO
Analyst cuts loose on Wii U provider
1751 hour ago - 4:30 PM on 03.11.2013

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Industry analyst Michael "Rainbow Pecs" Pachter is laying siege to Castle Nintendo once again, with one of his harshest appraisals of the company yet. Rather than beat around the bush, the silver-tongued stallion has directly said Nintendo's a bad company, and poured scorn on CEO Satoru Iwata.

"I think Nintendo is no longer able to compete the way they did in the past and sell their consoles at a big profit," he declared on his show Pach Attack. "I think that the Wii, when it first launched they were probably making about $100 of profit per unit. I think the DS when it first launched was probably generating about $50 of profit per unit. The 3DS I think is barely making a profit. The Wii U I think is barely making a profit -- I'm talking 5 or 10 bucks per unit."

Pachter doesn't lay any of the blame at Nintendo of America or its president, Reggie Fils-Aime. He argued NoA simply plays the cards it were dealt, and implied the Wii U was a bum hand -- a hand directly attributable to Iwata.

"I think Mr. Iwata's a pretty poor CEO," he explained. "I think he's done a very poor job running the company. I have a neutral rating on Nintendo, but I have to say only because their cash level supports their current share price. It's a bad company that doesn't make money."

As always, Pachter's words are primed to spark anger in the souls of Nintendo's loyal fans, and he's already got a response lined up.

"If you don't like that answer, Nintendo fans, deal with it."

Yikes!

What do you make of his assessment? Are you prepared to deal with it, or do you disagree and wish to make your voice known? Is he, as Tony Ponce suggests, a stuffy Lord Lemongrab, or is he making sense?

Pachter: Nintendo is a "bad company", Iwata a "poor CEO" [Videogamer]
SOURCE - http://www.destructoid.com/pachter-n...o-248390.phtml

Because taking pay cuts and trying NOT to lay off hundreds of employees or acknowledging that you screwed up means your a bad CEO.
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Old 03-11-2013, 09:11 PM   #2
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.....Really?
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Old 03-11-2013, 10:18 PM   #3
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I can honestly see where he's coming from, but Iwata is NOT to blame for the hole Nintendo is in right now.
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Old 03-11-2013, 11:11 PM   #4
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Nintendo's in a hole? Oh, okay.
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Old 03-11-2013, 11:20 PM   #5
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Nintendo's in a hole? Oh, okay.
Not necessarily in a hole, but Nintendo is in the red, the first time since the NES days. They lost over $926 million over the year 2011. Of course, Nintendo is a corporate giant, but still, that's a HUGE loss! Plus, the release of both the 3DS and the WiiU didn't start well at all. The games that we have stored for us will bring Nintendo back to their standards again, though.
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are you implying I like fat hairy assed men sitting on my face?

cus if you are, I might buy a plane ticket just to smack you like a bitch
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Old 03-12-2013, 05:23 AM   #6
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If they are making just 5-10 dollars on each Wii U then.. well, it technically makes the company "bad", in a business mind. It's not Iwata who's bad, imo. But if Nintendo were after investors they would definitely run into trouble.
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Old 03-12-2013, 09:55 PM   #7
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Video games as a whole have been down in the past couple years. Stagnation has led to companies like Nintendo and Sony to face losses. I won't argue against the point that Nintendo is in the red; that fact is clear. Point is, a loss is something that's commonplace now, everywhere.

I'm sure once things begin moving on all fronts for Nintendo, it'll be full steam ahead to good sales.
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Old 03-12-2013, 10:53 PM   #8
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Either this analyst or the person who wrote that has horrible grammar, and I'm not sure which one it is.
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