A few days ago, some reports said that Shigeru Miyamoto, the legendary video game designer responsible for the Super Mario and Legend of Zelda series,  was stepping down from his position at Nintendo.

Apparently, those reports were inaccurate, as Nintendo issued a statement saying that such talk was “absolutely not true”.

More, from their official quote to Reuters: “There seems to have been a misunderstanding. He has said all along that he wants to train the younger generation. ”He has no intention of stepping down. Please do not be concerned.”

Wired Magazine had been the source of the intial confusion, posting a piece alleging that Miyamoto said he had plans to retire now, a report that resulted in Nintendo’s stock taking a dip for a few days.

It’s been a rough go lately for Nintendo, with disappointing sales of some titles as well as the declining success of the Wii and the 3Ds not achieving the popularity the company had hoped it would. The last thing they would need right now is for a noted figure such as Miyamoto to step down, vacating  his post as one of the most famous and influential moguls in the industry.

Click here to read more about this story from Geekwire.


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