Nintendo president Satoru Iwata is not planning to resign, despite the firm's disappointing sales figures for Wii U and 3DS.

Nintendo recently revised its annual Wii U sales forecast from 9 million units to 2.8 million units. Predicted 3DS sales were also cut from 18 million to 13.5 million.

Koji Sasahara/AP



The company is now expected to post losses for the financial year, having previously predicted profits of 55 billion yen (£322m/$529m).

A report on Japanese website Nikkei (translated on NeoGAF) claims that Iwata has vowed to continue in his role in order to turn the company's fortunes around.

"Iwata was quoted at the press conference today saying that he feels responsibility for the poor business performance at Nintendo, and he is sorry to all shareholders," reads the report.

"He says the most important thing is to reinvigorate Nintendo's business as quickly as possible. He will NOT resign, but stay in office to carry that through."

Nintendo



Nintendo will post full financial details at the end of the month.

Upcoming Wii U releases include Mario Kart 8 and Super Smash Bros.

Watch a trailer for Mario Kart 8 below:

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