Things haven't been going particularly well for the Big N as of late, and rumor has it company president Satoru Iwata may find his head on the chopping block.
According to a report from Nikkei (via Siliconera), Nintendo is facing its third year in a row of financial loss, which has resulted in a significant decline in Iwata's internal approval rating. Back in 2011, his approval rating was at a solid 92.89 percent, but in just two years' time, it has fallen to 77.26 percent.
Come June, the board will decide whether or not there will need to be a change in leadership, putting the Nintendo exec's position in jeopardy. In fact, Nikkei has dubbed it the "June of trials" for Iwata.
A Hong Kong investor wants Nintendo to make the jump to smartphones, a move that many have suggested ever since the company started facing financial troubles. The Big N shot down this proposition by responding with the following question: "Are there any companies that make smartphone games while continually sustaining high profits?"
If Iwata's position as president truly is in jeopardy, it will be interesting to see how things pan out in June. I'm sure E3 will end up being the "put up or shut up" moment for the Nintendo exec. For his sake, I hope the Big N knocks it out of the park.
