Is Nintendo beginning to give up on the Wii U?

Since E3 Speculation has ramped up about Nintendo's next big project, codename Nintendo NX. Nintendo NX is speculated to be Nintendo's next console, but how can Nintendo even be considering a new console this early in to the lifespan of the Wii U? The Wii U hasn't even been out for 3 years, so why are Nintendo really trying to get away from the disappointing Wii U that quickly?
To be fair on Nintendo, by the time the speculated NX is to come out the Wii U's lifespan you would think would be around the 5 year mark but that's still well and truly short for a console cycle, so what has exactly has forced Nintendo's hand here to start working on the next console so soon?

When the Wii U released it received a lot of bad publicity, the console was well and truly underpowered. The console released at the end of the life cycles of the Xbox 360 and the Playstation 3 and was only approximately 4 - 5 x the power of both them current gen systems. Not only that but a poor showing at E3 2012 left a lot of consumers underwhelmed with what the system had to offer. By the time the system released on the 30th of Novemeber 2012 it had little hype about it and next to no momentum and sales flopped.

Since November 30th 2012 many of the 3rd party developers that were making multi platform games for Nintendo have stopped. Due to the lack of consumer demand 3rd party developers haven't been able to make money on the Nintendo system and now it's left for the first party Nintendo developers to carry the system. That's not to say it's all been bad,  Nintendo has some really talented first party developers but they definitely haven't been able to carry the system alone.

Nintendo's strategy with the Wii U was similar to the Wii's. They attempted to recreate the phenomenon that was the Wii that got people playing games differently compared to the regular way. it definitely paid off with the Wii but by the end of it's life cycle a lot of people had shelved their Wii. The Wii's lack of online support and HD gaming caused the system of suffer during it's last years in it's cycle. Since the Wii U's release it has sold close to 10 million consoles. Over the 7 year life cycle the original Wii had sold through more than 100 million consoles. I'm sure you can put that in to perspective.

With Nintendo's latest E3 showing with the "Digital conference" and the lack of quality games they showed, it left a lot of their fans disappointed. It comes across as a company that has given up on it's current console and is moving on with the future. Not only that but the developers of Metroid Prime have admitted their next installment is going to be on Nintendos next system. It's not a good look at all for the company.

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