About point 2 and 3, I made a thread about it some time ago, if you have care about

http://gamrconnect.vgchartz.com/thread.php?id=203557&page=1

Anyway, more specifically about point 3, nintendo should try to get more 3rd party support, but they shouldn't aim to have the same 3rd party games Xbox One and Ps4 have, they should aim for games target at different demographics and they should create a viable market for 3rd parties to create different experiences that are not well suited to be Ps4/Xbox one game (they did it succesfully on Nintendo DS and 3DS: games like Professor Layton, Castlevania, Dragon Quest, Bravely Default, Monster Hunter, etc.). Why they should do this, rather than trying to gather Ps4 multiplat games? Because there are alredy 3 viable platform to play those games (Ps4, PC, Xbox One), the market doesn't want or need a 4th, in fact, if you look at it closely even 3 platforms are too much, in fact even the Xbox One is having some struggles.

Point 5 is also a quite similar story. There's no point in trying to compete directly in a oligopoly usless the market is growing significantly, and the home console market is not, it's a quite mature market. In other words, there's no point in trying to convince Sony users you are the best choice, do to so you'll need spend an awful lot of resources and you don't have a good chance of success unless your copetitor screws up (in fact, even the X360 wouldn't have been as much popular if Sony didn't screw up with their 599$ choice, and their advantange in the end only lasted a few years). In a matuer market the best thing to do is to innovate the business formula (Steam, free to play games) or try to expand the market in new directions, or use a niche strategy and be the best in the market to do a certain thing. Now, every strategy has pros and cons, but in a mature business, all those 3 options are better than going all guns blazing on someone who is more competitive than you.

I'll add another example. If you think it's just enough to offer a better product to beat a well enstablished competitor, think about Coke and Pepsi. If you can offer a Cola with the same flavour, the same price and an appealing look you should be in theory be able to compete on par with Coke and Pepsi, but reality is not like that. Even if you manage to have a product as good as Coke, costumers will continue to buy Coke and Pepsi because those products are great and they have no reason to try something else. If you want to be successfull in the soft drink business you have to offer something different in both look and taste (like Mountan Dew).

People won't buy Nintendo in droves to because it won't play GTA.
People won't buy Nintendo in droves to because it won't play Batman.
People won't buy Nintendo in droves to because it won't play CoD.

nintendo is the gaming version of the old flip phones.  there are soo many things it doesn't do that is now considered standard that as a consumer it's hard to even consider it viable piece of hardware.  most people wouldn't want it as the cost of free. 

a games machine that doesn't play games,..  is not a winning strategy.   i'll never change your mind but you are a fool to think otherwise. 

Nintendo has dominated the handheld market this generation and isn't doing record breakingly bad with the Wii U. maybe their weakest console ever, but there have been plenty of video game consoles in the past both sold LESS and had worse game libraries and quality

Nintendo will be fine. Nintendo will not release the NX until like 2017, they just want some positive press and for people to know that they are looking towards long term goals rather than floundering in short term ones. and they have the cash to have that attitude

all I know is that people love to point out how poorly Nintendo was doing in the Gamecube era, yet they managed to profit MORE than Sony in the period of time, despite the PS2 being the best selling console of all time.

Nintendo financially probably isn't doing that amazing, but fortunately years of success have put them in a good position to be able to take risks like they did with the Wii U. 

who defines 'ready' for a generation anyway? no way does the NX come out in 2016, so actually it will be about appropriately timed their next release. make no mistake, the console NX will have pretty good graphics, Nintendo will not repeat that mistake. the only reason the Wii U failed graphically is because Nintendo took a relatively lazy approach where they used similar infracstructure/specs doubled in comparison to the Wii and focused on the controller more than the system itself

       I will point out that you could argue that Nintendo wasn't 'ready' for the next generation after relatively failing to get a good market share with the Gamcube, and then releasing a low spec system compared to its competitors (the Wii) but look how that turned out

these things are quite hard to predict because consumers, especially casual gamers, are insanely hard to predict, and when you have a very popular brand like Nintendo its easy to get consumers on board but also easy to lose them as they have such strong nostalgia and expectations 

100% agree

Sony did it right with the ps3 -> ps4.

You cant just switch to a new console if the old one failed (sega style). The customers wont thrust you anymore.
Nintendo NEED to solve wii u problems before they release a new console. Bring third party support back on the system (they promised it). At least the big games like assassins creed, cod, fifa, need for speed, gta and co NEED to be on the system. Bring your own big brand to the system (fzero, Metroid Prime).
Even if they would loose money with the wii u now,the sucsessor would benefit from the good wii us reputation.

Its almost impossible to make sucsess with a console if the previous console failed.
Yeah wii told me wrong, but wii wasnt bought mainly by "real" gamer. The NX will 100% fail by "real" gamers, so the only 2 possibilities is the nx fails like the wii u or it will be a casual machine again (probl. no metroid and co but games like wii sports, just dance and co).
No matter which way, nx will be a failure for us ("real" gamers)

and you counter yet again with a deflection argument.  sometimes i wonder why i even try talking to you.

I have said it before and I will say it again. Nintendo is done in the console space and they will learn it the hard way with NX.

Yes in the future they may, so when that time comes they will release more powerful hardware, but right here right now Nintendo has no need for vastly more powerful hardware.

If u have listened to anything Iwata & Miyamoto have said recently than u would have an idea of what their upcoming strategy is. Iwata has stated how they want their handheld & console to be more like "brothers" similar to Apple and their iOS devices while also adequately "absorbing" the Wii U architecture in order to have a seamless transition like they with Gamecube & Wii. Miyamoto also made a sly hint recently about games being playable on either device so it's pretty clear Nintendo is going to have a "family of devices" with a unified software library.

Nintendo made those profits from Gameboy not Gamecube.

I want to hear more details about the NX before I agree or disagree with this. But you make good points, those were the 5 mistakes they made with the Wii U (well they made more than 5)

But just because they made those mistakes with the Wii U that doesn't mean they will make them with the NX. If you look at video game history then you will see that companies have gone from last place to first place really quickly.

For whatever reason, I still don't feel Nintendo will be able to sell 3rd parties on the NX and market the thing well.

Who knows, the average company would have learned their lesson. Nintendo on the other hand is probably the most stubborn in the industry. They just might make all these mistakes again.