Posted on February 18, 2013 AT 11:12am
While speaking to GamesBeat, Wedbush Securities managing director Michael Pachter described the Wii U as a “mistake” that Nintendo “probably can’t recover from.”
“I think they misfired on the Wii U,” Pachter told GamesBeat. “It’s just not that different from the other two [existing] consoles, and the gameplay isn’t as unique as the Wii. They made a mistake, it’s something they probably can’t recover from.”
The GamesBeat piece focuses on the Wii U’s sales performance thus far, pointing out how in its first three months, Wii U sales were 38 percent lower than the original Wii.
“I think they have made a costly mistake [with the Wii U],” said Pacther. “And their handheld business can’t save them in the face of cannibalization from smartphones and tablets.”
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