Reggie Fils-Aime will continue as president and COO of Nintendo of America under Iwata.
"It's no longer sufficient merely to have a well-informed, motivated and engaged workforce, " says Iwata.
Nintendo president Satoru Iwata said the graphics capability of the hardware was also improved.
The model Iwata displayed Wednesday looked slightly different from the one demoed at E3 in June.
Iwata said Nintendo is preparing more game software, including those developed in-house, for the end of this year.
The difference lies in what Mr. Iwata called active management of social networks.
Stepping in as Nintendo of America CEO is Nintendo Global President Satoru Iwata.
More on the Way: Iwata shared a new trailer for The Wonderful 101.
ENGADGET: Nintendo Wii U getting two system updates in spring and summer to optimize UI speed
Iwata went on to warn about high volume, low quality games that currently flood Facebook and App Stores everywhere.
FORBES: Michael Patcher Claims "Nintendo is Doomed" after Iwata Keynote
Iwata's view that 3-D is "slightly on the wane" seems like an understatement.
Forget Microsoft's BillGatesBill Gates, Sony's NobuyukiIdeiNobuyuki Idei and Nintendo boss Satoru Iwata .
Yesterday, the Liberal Democratic Party indicated it would support Kuroda and Nakaso, but it will vote against the arch-dove Iwata.
To paraphrase Satoru Iwata, a late game ceases to be late after release, whereas a bad game remains bad forever.
Iwata says it will be easier, faster and cheaper to develop for the Revolution than any of the other consoles.
ENGADGET: & Joystiq's live coverage of Nintendo's Revolution E3 event
"I feel a deep sense of responsibility for not being able to produce results for our year-end business, " said Iwata.
" Saturo Iwata comes on stage and sez: "My name is Iwata, I'm about making games, and I'm about playing games.
ENGADGET: & Joystiq's live coverage of Nintendo's Revolution E3 event
Iwata said last year holiday sales quickly dissipated in the U.S. and some European nations, including Great Britain, the key market.
During Nintendo's Japanese financial results briefing, company President Satoru Iwata revealed the company wouldn't be hosting a Keynote at E3 this year.
Earlier this year, Nintendo president Satoru Iwata said, ''I have doubts whether people will be wearing glasses to play games at home.
Neutral observers expect the National Diet to approve the Kuroda-Iwata-Nasano BoJ nominations.
All sarcasm, angst and bitterness aside, Nintendo's president Satoru Iwata recently affirmed that there's no Wii successor on the near-term roadmap.
ENGADGET: Nintendo's Satoru Iwata: no 'immediate need to replace the Wii'
Jon Iwata, senior vice president of marketing and communications at IBM, says top marketing executives need to manage both internal and external communications.
At IBM, Iwata says, executives realize the company's 400, 000 employees--and its 900, 000 "alumni"--are a powerful marketing force, thanks to blogs and social media.
Nintendo's Satoru Iwata just announced via Nintendo Direct that Virtual Console will be available on the Wii U this spring.
Nintendo president Satoru Iwata pulled out the stops at his GDC keynote: the Nintendo Revolution will include both backwards compatibility and WiFi features.
ENGADGET: Nintendo Revolution to include backwards compatibility and WiFi
Iwata revealed how the Wii U launch lineup will be bolstered by a long list of top game franchises headed for the new console.
ENGADGET: Nintendo Wii U getting two system updates in spring and summer to optimize UI speed
Iwata expects the Revoltuion to help people make unique content like the DS. He hasn't hinted at what exactly will allow that to happen.
ENGADGET: & Joystiq's live coverage of Nintendo's Revolution E3 event
Nintendo President Saturo Iwata gave a short presentation on Nintendo Direct detailing the next two games in the series, Pokemon X and Pokemon Y.
Iwata also demonstrated several of the DS's new software titles featuring the innovative features of the DS: voice recognition, touch-screen control and, of course, WiFi.
ENGADGET: Nintendo Revolution to include backwards compatibility and WiFi
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