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This was just brought up by Mr Khan but I want to back him up.

Nintendo has the games to make or destroy a console. They also have the money to convince 3rd parties to develop exclusively for their console.
The iPad has it's games, just as the iPhone has it's games, just as the 3DS has it's games. And what did people say about 3DS? "The iPad and iPhone will destroy it" I don't see that happening.