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The Wii-U sales are ok in Japan/USA at the moment, considering external factors such as a major recession (especially in certain parts of Europe0.

I really see the next 12 months being potentially difficult for Nintendo. The major game releases in Feb-May is just astounding and most are not appearing on the Wii-u. If we talk about gamers, and water cooler moments, they will be talking about games not available on the wii-u, advertising on TV will be for non Wii-U consoles. Then we have GTA... this will be massive, it still has a chance of a wii-u release, but if its not at the same time as PS3/Xbox/PC then forget it.

Then we have possible Xbox720/PS4 announcements, thats two major consoles being talked about from say Feb/March? to June (from initial talks to E3 showings).

Then we have those consoles launching - if they do it this year, lets say October and November. Again all the press will be about those consoles.

So Nintendo better have something massive to talk about this year (which is coming out this year) or they will be basically blown away by PR from their competition. Saying Zelda will come out in 2014 isn't going to be enough I feel right now.

How i see it at the moment is, Wii-U will not sell anywhere as good this year to the Wii's time line, and unlike where the Wii kept doing stellar, i really see the Wii-U dropping a lot faster. Thus allowing the next gen consoles to catch and overtake it.