For those who have been quick to adopt 3D technology in all aspects of entertainment, news of the Nintendo 3DS's woes will undoubtedly sting. In an effort to move more units, Nintendo has slashed the price of the device from $249.99 to $169.99. The price cut will be reflected in Nintendo executives' salaries; Nintendo president Satoru Iwata told shareholders in Tokyo today that he and other executives will be taking pay cuts to offset the company's grim earnings forecast.
While Nintendo loses money on every Nintendo 3DS sold at the new price point, Iwata will be taking a whopping 50 percent pay cut. "For cuts in fixed salaries, I'm taking a fifty percent cut, other representative directors are taking a 30 percent cut, and other execs are taking a 20 percent cut," he said.
[image via engadget.com]