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Miyamoto not stepping down after all?

Posted on December 8, 2011 by (@NE_Brian) in General Nintendo, News

Well, this is an interesting turn of events. Following Wired’s report that Miyamoto would be stepping down from his position so that younger developers could now lead the way for Nintendo, a company spokesperson has now told Reuters that this is not true.

The spokesperson said:

“This is absolutely not true. There seems to have been a misunderstanding. He has said all along that he wants to train the younger generation. He has no intention of stepping down. Please do not be concerned.”

The news may have caused Nintendo shares to fall by 2% today.

I have no idea what could have happened here. I don’t see how something this big could have been lost in translation. It’d be great if Miyamoto commented on the situation directly, since I’m sure quite a few people are confused about the situation!

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