Nintendo president Satoru Iwata told investors that sales of the company's new 3DS handheld console fall short of expectations:
Nintendo's newest portable console, the Nintendo 3DS, has not been selling as well as predicted and even the company's president admits that. In an English language version of an E3 2011 investor Q&A on Nintendo's web site, president Satoru Iwata states, "So, first I think it's fair to say that while Nintendo 3DS had a strong launch day, the results since then have not met our expectations." He added, " ... although pre-orders for this system were very strong and initial impressions of this system were very positive, those early indicators stand in conflict with where the system is at today. So, I can't say there are no issues at present."