What exactly is wrong with Iwata?

[Figgycal]

d21lewis said:

Train wreck said:
Maybe because he has guided Nintendo through more bad periods (2001-2006), (2011-) than more good periods. He and his staff inability to read markets and their changes
back to back to back losses in terms of operating income under his reign
Making the Wii U and 3DS like the Wii and DS when those markets clearly moved on
Not taking advantages of lead in dedicated handhelds vs Sony
No plan B when everything blows up in their face...the list goes on.

The Gamecube era wasn't a smash hit but wasn't it still profitable? 

Yes. They made the GameCube cheaply and made a small profit on each system sold. That strategy also worked with: gameboy, wii, DS. So to change things up;  they decided to add on a tablet and lose money on each Wii U sold instead and ignore what had worked for them in the past.

Also profitable doesn't always mean successful. Nintendo were successful in the Gamecube era because of the gameboy.