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Is Nintendo in a world of trouble?
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Is Nintendo in a world of trouble?

Wedbush Morgan analyst Michael Pachter says he believes Nintendo is currently in a "world of trouble."

"By the time [it] did launch a console that stacks up really well [against PS3 and Xbox 360] the other two guys passed them by. [And now?] Publishers are pretty excited about supporting Xbox One and PS4. They really didn’t say anything about the Wii U," Pachter told ABC News 10.

Is Nintendo in a world of trouble?

“We know EA has no games in development for Wii U [although it seems this could change]. If others follow suit – if you see Activision pulls support, if you see Ubisoft, you see Take-Two pull support the Wii U is a Nintendo-only gaming device which is the way they were back with the NES in 1985."

As Pachter notes, Nintendo clearly won't sell a lot of consoles if they don’t have games like FIFA, Battlefield, Call of Duty and Grand Theft Auto V.

"I think they are at the bottom of a huge mountain with a huge uphill climb. I don’t think they’re going to get that mojo back. With PS4 priced $50 more than the Wii U, why would anyone buy the Wii U unless they just HAVE to play Nintendo games?

"The way it shakes out is anyone who actually buys a Wii U really is a hardcore gamer and is going to buy a PS4 and Xbox One in addition so they can play those third party titles that they love. So I think Nintendo becomes a distant third in this console race," he added.