The Wii U was supposed to be Nintendo's ticket to next-generation gaming paradise. So far, gamers have largely stayed away, perhaps awaiting superior consoles from Sony and Microsoft .
Those powerful rival systems will drop in time for the holidays this year. Sony's console looks like the bigger threat so far, but Nintendo isn't equipped to stave off either one. This is where many a soon-to-fail hardware gadget sees street prices drop through the floor in a desperate attempt to shore up failing sales. Even Nintendo's own CEO blames the poor performance on a lack of top-shelf game titles.
So why isn't Nintendo resorting to the classic Hail Mary price-drop move yet? Recent comments from North American sales chief Scott Moffitt might clear things up a little bit.
In the following video, Fool contributor Anders Bylund looks at the console wars with a special focus on Nintendo's fortunes -- or lack thereof. One thing's for sure: This is not a repeat of the original Wii's easy victory march.
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged among the five kings of tech. Click here to keep reading.
The article Does Nintendo Still Stand a Chance? originally appeared on Fool.com.Fool contributor Anders Bylund holds no position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool recommends Nintendo and owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.