What's the deal with the Wii U in Europe?

[Kenology]

Train wreck said:

I dont buy the economic crisis excuse

DS and Wii had record sales during the height of the financial crisis in 2008 and 2009 (nintendo had record profits)...next excuse.

But that was a Wall Street/World financial market crisis.  Today we have severe economic cutbacks and austerity.  No revisionist history here, the financial crisis affected the fat cats, not ordinary people directly until the housing bubble burst (in the US).  We're just now feeling the socialized losses today via austerity.

 

I don't think people can justify buying a brand new console during these times in the EU.  PS4 and 720 will be facing a very similar situation.