“Inside our office, I’ve been declaring, I’m going to retire, I’m going to retire,” he told Wired through an interpreter. “I’m not saying that I’m going to retire from game development altogether. What I mean by retiring is, retiring from my current position.”
Well after this interview broke, shares in Nintendo fell 2 percent to 11,040 yen on Thursday, compared with a 0.7 percent drop in the Nikkei average.
Any sign that the company might lose Miyamoto would be a fresh blow for Nintendo, which dominated the games industry for years with its Wii consoles and DS handheld devices.
“He is a rockstar in video game and console development,” said Dan Sloan, the author of a book on the secretive Kyoto firm.
Nintendo has denied that its famed game designer, Shigeru Miyamoto, will step aside to work on smaller projects and pass the reins to younger designers.
“This is absolutely not true,” a Nintendo spokesperson told Reuters. “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.”
If Miyamoto does in fact retire, it would be a huge blow to Nintendo, which has already suffered a tough year. The company posted disappointing sales of the 3DS and in October Nintendo said it lost nearly a billion dollars in the last six months.
So as of right now it seems that the rumors have been squelched and that all this retirement talk was just a misinterpretation of the conversation that was being translated. So only time will tell if any of this is fact or just a misunderstanding.
Anjel Syndicate will bring you more on this story if anything changes in the future.
Part time employee of a major video game retailer.