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Alcyon said:
Let's look at another "failure": the Dreamcast. The console was more powerful than the PS1 and Nintendo 64, had a good games, wasn't too expensive. When the PS2 came out, the games were looking similar but the Dreamcast was already out for more than one year, so had already a decent library of games.

So why did it fail? If you are old enough, ask yourself: why didn't you buy a Dreamcast? When you have an answer, try to transpose it to the Wii U, you get good hints at why the console failed.

Sega running out of money didn't help the situation either.