Wow those are some strong words but at least he hasn't hided from it.
The thing is Nintendo blinked to early to be honest whereas Sony and Microsoft announced their details of their next gen system in 2013 Nintendo announced their system at E3 2011 and then again showed it off at E3 2012. Nintendo really did shoot themselves in the foot their.
Nintendo had bad timing because of the price and the hardwares graphical capabilities. I mean if you paid about $150 more you could buy a PS4.
They should have waited for Sony and Microsoft to announce the price of their consoles but they came out to early with an overpriced piece oof hardware.