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Soundwave said:

One other thing I think that gets lost in all this is the 3DS actually is NOT selling as quickly as the GBA (on top of losing Nintendo a ton of money its first year, whereas the GBA was a profit machine from day 1). The GBA was able to comfortably sell 15-18 million a year, 3DS even with Pokemon X/Y last year is about 13 million ... that's a fairly large gap. 

On top of that the Wii U is selling less than the GameCube at equivalent points in their life cycle by a substantial margin. 

So when people just casually throw out that "well GBA/GCN were profitable so Wii U/3DS surely will be" .... no it's no where near that simple. 

Hell, it wasn't just Pokemon last year either. It was Pokemon, Monster Hunter 4, Zelda, a new dirt cheap model that went for $99 even on black friday,  Puzzle and Dragons, and Animal Crossing in the west. And it's still set for an almost certain decline year over year.

Seriously, how much worse would it have been without Pokemon? Without MH4? Without AC? Without 2DS? 

They've already blown all their big guns with the 3DS, all they can do now is drop the price as sales continue to drop. Nintendo could give less of a shit about the Wii U's performance, but I guarantee you they're (rightfully) shitting themselves in fear over this.