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DarkD said:
Yes the Wii did harm to the Nintendo brand, however it was a risk worth taking. I think what we're going to see this generation is that the graphics everyone is so hell bent on chasing are going to kill more developers.

The lack of third party games hardly did any damage really. Most people who cared bought both the Wii and a second console. The low cost of the Wii was one of the key selling points of the console. Nintendo might have actually done better to give the Wii U lower level graphics so they could also price it at 250 dollars.

However, now that a new generation has come, everyone has spent the last 6 years hearing "see, I told you not to buy that thing." so now they aren't buying it again. It's more that negative word of mouth has hurt it than anything. Nintendo has the best console this generation but nobody cares anymore.

Nintendo was profiting from Wii at 250 from the get go. They could have easily upped the specs and still profit/broke even. And you know in the long run it would have probably been more profitable. Imagine Wii sales with GTA game last year. It could have rivaled the Ps2 sales