Michael Pachter discusses Wii U, stating that it could be a "phenomenal failure".

Industry analyst Michael Patcher shared his thoughts of E3 with Eurogamer last week and gave his opinion on Nintendo's new console, the Wii U.

In the interview Pachter shared his concerns with the console, stating that it is two years too late and could also be a phenomenal failure. Despite this though Pachter still thought that Nintendo 'won E3' with their "very cool console innovation and great 3DS software."

The most impactful 'reveal' at the show was the Wii U, which, in our opinion, is arriving two years too late. Depending on pricing, the system will be either a phenomenal success or a phenomenal failure, as competitive bundles for Xbox 360 with Kinect and PS3 with Move are likely to be priced below $300 by the time the Wii U launches.

Do you agree with Pachter's comments, could the future of Wii U all depend on price? And do you think that Move and Kinect will still be viable competitors? Let us know your thoughts in the comment section.