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OP is most probably right and WiiU is still produced at a loss. Which is a catastrophe considering its price points and its time on the market.

However, the improbable best case szenario could be that the predicted loss in Q1 comes from production cost of a redesigned WiiU. In the end I came to the conclusion that it would be best to drop the gamepad and lower the price point significantly. (get rid of the expensive low latency technique!)