mobile games: The death of the hands-on CEO and president, announced by Nintendo on Monday, comes at a critical time for the company which is betting that its new smartphone tie-up with online game maker DeNA will help make up for declining console sales, according to Euro News. Iwata long resisted investors’ calls to move into mobile games for fear of cannibalising Nintendo traditional console base. He was 55. He announced the move in March as stiff competition from console rivals and mobile games continued to drag on sales. They say it not yet decided who the next CEO will be, so there a slight uncertainty, Japan Asia Securities deputy general manager Mitsuo Shimizu said. The company did not announce a replacement but Genyo Takeda, senior managing director and one of the lead developers of Nintendo Wii console, will lead the committee for Iwata funeral – a sign he could be taking on the leadership role.
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