Fox Mulder
Member
In Iwata's own words, they are not good at competing. I've never heard of a company making such comments. The only reason anyone owns stock is for the chance to sell it once (in their minds) Nintendo announces full support of smartphones and the stock price shoots up.
it's not necessarily a bad thing to admit they can't compete with huge billion dollar corporations that sell consoles at a loss for a variety of reasons.
Nintendo just needs to fill a niche and sell decently powered consoles at a good price. You can get a ps4 for $400, so no wonder why Nintendo asking $300 for a console that pretty much only offers their games isn't working.