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Nintendo CEO: Alliances With Other Firms May Be Necessary

(TOKYO) – Nintendo said on Tuesday that alliances with other companies may be necessary, a day after the game maker reported its second straight fall in annual profit and said it would launch a successor to its aging Wii console.”I now regre…

(TOKYO) – Nintendo said on Tuesday that alliances with other companies may be necessary, a day after the game maker reported its second straight fall in annual profit and said it would launch a successor to its aging Wii console.

“I now regret that we didn’t tie up with someone outside the company to market the Wii. If we had done that, the fate of the Wii might have been different,” Chief Executive Satoru Iwata said at a conference for investors and analysts.

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