Nintendo's boss, Satoru Iwata, has announced he will be taking a pay cut due to the lack luster sales of the Wii U.

Nikkei reported that Iata along with a number of other Nintendo execs have collectively decided to cut their pay until the company is back and kicking. The other directors will get a 20 to 30 percent pay cut, and this will be effective from February to June. From there, the company will play it by ear.

In order to help the slumping sales and capitalize on the success of other platforms, Nintendo is rumored to be entering the mobile device market.

Nikkei has reported that Nintendo will be unveiling these mini games in an effort to promote the main console games.

According to IGN, the game will not be free-to-play or even full games, but rather short demos to get the point across. So far Pokemon has an iOS App called Pokedex that is available for download.

Recently, Nintendo's CEO, Satoru Iwata said he did not think Mario would be seen on mobile devices because there is still a large market for home consoles and tablets.

Nintendo is projecting a loss of $335 million for their fiscal year end on March 31, which would make it their second annual operating loss in April.

For 2014 Nintendo has projected a loss of $239 million with a profit of $5.65 billion. According to Nintendo's financial report, the big losses are mostly attributed for lower than expected holiday sales which normally make up a large margin of sales.

Nintendo is forecasting in 2014 they will sell 13.5 million 3DS handhelds, and 2.8 million Wii U's. Initially the prediction was for 18 million handhelds and 9 million home consoles.