"I think Nintendo is no longer able to compete the way they did in the past and sell their consoles at a big profit," he declared on his show Pach Attack. "I think that the Wii, when it first launched they were probably making about $100 of profit per unit. I think the DS when it first launched was probably generating about $50 of profit per unit. The 3DS I think is barely making a profit. The Wii U I think is barely making a profit -- I'm talking 5 or 10 bucks per unit."
"I think Mr. Iwata's a pretty poor CEO," he explained. "I think he's done a very poor job running the company. I have a neutral rating on Nintendo, but I have to say only because their cash level supports their current share price. It's a bad company that doesn't make money."
As always, Pachter's words are primed to spark anger in the souls of Nintendo's loyal fans, and he's already got a response lined up.
"If you don't like that answer, Nintendo fans, deal with it."
What do you make of his assessment? Are you prepared to deal with it, or do you disagree and wish to make your voice known? Is he, as Tony Ponce suggests, a stuffy Lord Lemongrab, or is he making sense?
Pachter: Nintendo is a "bad company", Iwata a "poor CEO" [Videogamer]
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