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He's a nob, and wrong 90% of the time......
....but not this time.

Those points a true and valid. They have an old business model, got very lucky with the Wii, and now everything is going tits up for them. Sure, the 3DS is going ok for the moment, but will this continue with smartphones etc? Well I've yet to see the kid with the Galaxy AND 3DS, so I'm going to say not for long.
As for the WiiU, well the poor sales say it all.