Miyamoto Confident in Iwata as Nintendo CEO

Shigeru Miyamoto, the legendary creator of Mario and Zelda has expressed confidence in Satoru Iwata as CEO of Nintendo calling discussions surrounding Iwata's abilities and Nintendo's capacity to hit targets "silly".

In an extensive GamesIndustry interview Miyamoto said "Well, first of all, the entertainment industry is one that is inherently unstable and if people decide that they no longer need entertainment anymore then there's no way for you to make money off that.

"Because of the waves in the entertainment industry and the way the cycles move, personally I feel that aiming for a specific numerical goal is almost silly, and instead our focus should be on doing our best to create something that's new and unique.

"So all this talk of 'Oh, is Nintendo going to hit its numbers? Is Mr. Iwata responsible?' are just silly."

Miyamoto adds that Iwata is "managing our company and I don't think there's anyone better to manage it than him."

Despite talking about retiring in the past Miyamoto says he's not currently planning to leave the Nintendo anytime soon "The one thing I want to say is I'm not actively thinking about retirement, but the thing is you look at my age and you have to naturally take into account that a time may come when I'm no longer there."

Yesterday, Nintendo held its E3 Nintendo Direct which was widely seen as being extremely conservative focusing on its core IPs. Many of the company's core titles weren't available for the Wii U's launch while others, such as Bayonetta 2, have been delayed until 2014. 

Miyamoto says this is because of difference between Wii and Wii U development "any time you have a big jump in the hardware technology it certainly takes the teams time to learn that and adjust their development environment in order to adapt to those big changes."