Michael Pachter, who watched the video game industry for Wedbush Morgan, says that Nintendo needs to launch its biggest franchises on third party hardware in order to change the declining fortunes of the company.He states via Twitter that, "if software remains proprietary, sales are limited when they sell fewer hardware units. The first step to recovery is to acknowledge the problem. I have not seen anything from Mr Iwata that acknowledges that there is a problem."
Nintendo announced that it is preparing to take a big loss on March 31, at the end of the fiscal year, mainly because of poorer than expected sales of the Wii U home console.
Satoru Iwata, the president of the company, has taken responsibility and said that he will not resign and that a new business plan is being considered, one that will continue to see big franchises like Mario remain exclusive to Wii U and 3DS.