The Wii U was supposed to be Nintendo's (NTDOY +0.26%) ticket to next-generation gaming paradise. So far, gamers have largely stayed away, perhaps awaiting superior consoles from Sony (SNE +1.20%) and Microsoft (MSFT 0.71%).
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.
