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Nintendo has 5000 internal employees and 2000 external. EA and Ubisoft have 9000 each. Konami has 5000.
Nintendo support both hardware and software on two plattforms with less people than EA that only has to make small changes every year to their annual series.
Almost every game that comes out of Nintendo are getting high scores on metacritic.
Sure they could work smarter and give us HD versions of Gamecube and Wii games, they could work smarter and buy studios, they could work smarter and look around the world for forgotten PC-game gems to be converted to WiiU.
But it is hard to tell them what to do, they have been in the ups and downs of the industry and have some knowledge of what the consumers really do as opposed to what they say they will do.