Wii U Is Better Value Than Xbox One or PS4, Nintendo Exec Says

[Mummelmann]

What else would he say? It's all subjective at any rate, some obviously also saw the value in a 600$ PS3 when that launched and some though a 99$ Gamecube was too steep.
Price is certainly a factor in consumer electronics but perceived value is where it's at and that is, without a doubt, the Wii U's biggest problem; a great many consumers simply disagree with Reggie.