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Nintendo president apologizes for dismal financial forecast, won’t resign

Satoru Iwata, Global President, Nintendo Co., Ltd., speaks during a news conference after the unveiling of the new game console Wii U at the Electronic Entertainment Expo on June 7, 2011 in Los Angeles.
Satoru Iwata, Global President, Nintendo Co., Ltd., speaks during a news conference after the unveiling of the new game console Wii U at the Electronic Entertainment Expo on June 7, 2011 in Los Angeles.
Photo by Kevork Djansezian/Getty Images
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