Nintendo has a shorter history in consumer electronics than Sony and considering how badly the Wii U went down, I'm not sure if "surviving this long" means the same as Nintendo knows what they are doing. If you compare the sales projections and actual sales of the Wii U, it's pretty clear that they didn't understand the market at all.

I guess one or other product failure can be excused, however I would bet you are an unhappy Wii U owner.