With the Wii U to be released by the end of 2012, Nintendo are in a good position. If following the logic of the last generation, in which the Xbox 360's one year head start over the Playstation 3 is often cited as the reason for the former's continued dominance in sales, then the Wii U's early launch is key to its success.
However, Nintendo president Satoru Iwata thinks being "first in the next generation race is not important at all," as he told Gamasutra in a recent interview.
"One of the reasons we believe this is the time for Nintendo to launch the Wii U is it's going to be important for the world," Iwata said.
There is a lot of pressure on the Wii U taking into account Nintendo reported their first corporate loss in the company's history as a publicly traded firm. Iwata believes the timing of the Wii U will return Nintendo to profitability.
"Our intention is to return to profitability after just one year of losing money," he said. "I just cannot say that it's a good thing for Nintendo at all to record an annual loss for two or more years in a row. The [loss of the] past year is due to the 3DS hardware sales. We were selling hardware below the cost, so this year we are already recovering and improving the profitability of the 3DS."
Though Iwata isn't concerned with being first to market, he is very concerned about its price, having learned from the 3DS launch.
"The pricing of Wii U is going to be one of the most important elements when it is going to be launched. The environment is different. Wii U is going to be launching in a different environment than when the Wii was launched. Also, the involvement surrounding [mobile and social] businesses is different than several years ago."
As for the struggling Wii, which is seeing its final twilight years with minimal releases, Iwata believes there still is a market for the console. In response to critics slamming Nintendo for only playing catch-up in the HD specs department now with the Wii U, Iwata said "The fact of the matter was [at the time]: I did not think Nintendo should compete against these companies with the same message and same entertainment options for people."
"We have not changed our strategy. In other words, we just do not care what kind of 'more beef' console Microsoft and Sony might produce in 2013. Our focus is on how we can make our new console different than [others]."
By Nathan Misa- Writer Bio