I think most, if not all, have stated the reasons why the Wii U failed. Unfortunately, the combination of lack of marketing, droughts, little to no 3rd party support, etc. doomed the console and Nintendo's big efforts were too late to build any significant type of momentum. With Nintendo only making passable profits after 2-3 years of losses, it was clear they couldn't keep the product in market any longer than it already was.
It wasn't all losses though. Splatoon was a breakthrough success and we are benefiting from it with a sequel and ARMS. Smash 4 has a dream roster I think very few could ever imagine and it's competitive scene is going strong as of now. Xenoblade X and #FE were released and received well despite being different from other games from their respective series, even with not enough press hype. Hyrule Warriors was a thing. And Breath of the Wild was an excellent swan song for the Wii U and a launching pad for the Switch. Plus Nintendo was able to build solid relationships with indies and they are helping Nintendo out with constant releases on the Switch. So all in all, there were some positives
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