Items tagged with Iwata

Sony announced today that its upcoming PlayStation Vita, the updated handheld slated to replace the PSP, won't launch in the US or Europe until early 2012. That's a bit surprising considering that electronics sales seasonally slump in the first quarter. The company also stated that it has no plans to sell its television manufacturing business, despite losing money on that market segment for the past eight years straight. "Televisions are a core business for Sony and it would be unthinkable for us to shrink that business," executive deputy president Hirai said at the company's Tokyo head office.... Read more...
The stock slump that followed Nintendo's Wii U announcement shows no signs of abating; the company's share price is down more than ten percent as of this writing. Nintendo president Satoru Iwata has expressed surprise over the reaction. "Honestly speaking, the reaction to (Tuesday's) presentation and what I heard from people I met and the mood of the convention did not chime at all with what happened in the stock market," Iwata said in an interview at the E3 games show in Los Angeles on Wednesday. "It's very strange." Iwata went on to note that the investors' reactions remind him of the uncertainty... Read more...