Reggie was misquoted when he said Wii U profitable after one game

[OceanJ]

Well I was right about the Wii U, I was just wrong about Nintendo management.

I liked the Wii U so much I invested in Nintendo stock - which is by the way, trading for about book value. You want to hear about some major gloom & doom talk about Nintendo, just take a look at their stock price. The fact that it continues to drop despite the 3DS sales, the Wii U sales...all of Nintendo's products, means investors have unanimously decided: Gloom & Doom for Nintendo. But that's not just rhetoric, that's voting with real money.

I was right about the Wii U. A touch-screen opens up so many tantalizing possibilities. Asymmetrical play of local multi-player, immersion into the gaming world like never before for single-player, taking the game off the T.V., or just controlling your television with the GamePad. All of them - awesome.

But I was wrong about Satoru Iwata and Reggie Fils-Aime. So many management mis-steps. Misinformation, misleading information, and outright lies. The communication from Nintendo around the Wii U's capabilities such as Reggie claiming 3rd party titles like Call of Duty "look dramatically better on the Wii U", to TVii - marketing it as a release day feature then "delaying it to December so it will be perfect" only to deliver an imperfect feature, to game-release dates being pushed back, to wildly wrong profitability & sales projections across the board given to investors, to huge uncertainty around the Wii U's actual supply & demand situation in the market-place...these things are all PR and business tactics issues from the top men at Nintendo, that I see little to no defense for.