Nintendo president takes blame (and 50 percent pay cut) for 3DS woes

Nintendo president Satoru Iwata is taking a slap on the wrist for poor sales of its 3DS ... a slap with a yardstick wrapped in barbed wire and set on fire. Kotaku Japan reports that Iwata addressed shareholders in a meeting with the news that he's taking responsibility for the 3DS, which will result in a whopping 50 percent cut in his pay.

"For cuts in fixed salaries, I'm taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut," Iwata said. Nintendo announced yesterday that its 3D successor to the crazy successful DS line of consoles, the 3DS, would have its price chopped down to $169.99 from its $249.99 launch price. That's an $80 drop, and the system just released this March.

During a Q&A, Nintendo admitted that it must provide something that mobile phones--like the iPhone--cannot offer. While that's telling of Nintendo's increased focus on its online offerings with the 3DS and its upcoming Wii U console, that's still a tall order. The 3DS, which still uses the Friend Code format, does not have a social gaming ecosystem comparable to even the iPhone's mildly-appealing Game Center. Nintendo is clearly making strides toward the digital age of gaming, but it might need a few pole vaults to catch up.

[Via Kotaku]

[Image Credit: MTV Multiplayer]

Do you think the 3DS can bounce back from its stumble running out the gate? How will Nintendo survive in the age of mobile and social gaming? Sound off in the comments. Add Comment.