Nintendo president Satoru Iwata has said that he feels he was misinterpreted by Japanese press earlier this year who claimed that he said he would resign if he was unable to achieve 100 billion yen (US$1.09963 billion) in operating income for the next fiscal year. Iwata told analysts at a recent meeting that he didn’t recall ever saying that he would resign from his position. He said that the company wouldn’t focus on failure and would put tremendous effort into achieving its goal.

Thanks, Ahmad