Yes but unlike other companies, they can't afford to lose BILLIONS of dollars over 13 years and still manage to stay afloat. Nintendo makes profits every year and is always called a failure lol, while other console brands are generally just financial black holes with endless praise heaped on them from a business standpoint.
You're also forgetting that Iwata cannot, in fact, bail them out forever because unlike MS, Nintendo is only in the games business. MS makes its money doing its MS stuff. Big difference.
But yeah I'm surprised this has turned the other way with me actually speaking in Nintendo's favour, but it actually adheres to my point that with the right strategy the amount of money they could make is absurd.