Satoru Iwata, the president of Nintendo, has passed away today aged just 55. His cause of death is due to a bile duct tumor. Iwata is probably best known for reviving Nintendo just two years after becoming president, by releasing the Nintendo DS in 2004, to compete with Sony's PlayStation Portable gaming device. 

Iwata became president after Hiroshi Yamauchi stepped down in 2002, the fourth president of the company and the first to not belong to the Yamauchi family. The Nintendo DS and Nintendo Wii were incremental to Nintendo's survival in an increasingly competitive console market. The DS was one of the first devices to utilise a touchscreen, and was hugely popular due to it's portability.

The Nintendo Wii was originally treated with skepticism. It was not a HD device, it was considerably cheaper than it's competition, and it was controlled via motion sensors, at the time, a very uncommon development.

With the Nintendo Wii, Iwata completely changed our outlook on gaming. After the release of the Wii, other devices such as the X-box Kinect and the Sony Move Motion controller were released, making us realize that gaming can actually help us lose weight rather than gain it. 

In 2014, Iwata first gave word of his illness when he missed the annual shareholders' meeting. He wrote that bile duct cancer can be "difficult to treat, partly because of the difficulty in detecting it early". He also noted that his was actually "detected very early, and [he] had no symptoms".

The company has not officially decided on a new successor. However, they did announce that Shigeru Miyamoto, creator of franchises such as the Legend of Zelda and Super Mario Bros, and Genyo Takeda, creator of Nintendo's first arcade game, and fan favorite "Punch-Out!!", would be managing the company until further notice. Both are being considered because of their current positions as executives and due to their contribution to the company. Nintendo shares in Tokyo dropped 0.2% this morning according to CNN Money.

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