Satoru Iwata, Nintendo President dies at 55– After a successful leadership, Satoru Iwata died due to complications.
Nintendo President, Satoru Iwata announced dead of tumor in a Kyoto hospital, western Japan, Saturday, July 11, 2015.
He was undergoing surgery for a tumor in his bile duct, however, dies at the age of 55.
He was a Japanese businessman and programmer who served as the fourth president and chief executive officer of Nintendo.
Iwata contributed so much in the company, with its hit Wii home console, and its recent woes caused by the popularity of smartphones.
He took the position at Nintendo as head of corporate planning division in the year 2000.
Iwata pushed on the development of the Wii platform which introduced the use of motion control-based video games.
He was a great help on revitalization of their handheld system that has unique form factor that allowed for more novel games to be played on it.
Just this year, he put part of Nintendo’s focus on the growing mobile game market as traditional hardware console sales began to stumble.
According Satoshi Tanaka, analyst at Daiwa Secrities Capital Markets. “The share price might have gone up at the start because investors were expecting some key changes after the news, but I don’t think (the buying) was being driven by any particularly profound thinking”.
“When you sit back and think about it… I don’t see that there is anyone who can run the company like Iwata.
Under his leadership, it was making small but steady steps forward.”
“I am afraid the company might lose balance without Iwata,” Tanaka added.
Members across the gaming industry and fans saddened upon his death.
A funeral service will be held on July 17. Image/ Google