The Wii U is not the underpowered piece of kit some would have you believe, Nintendo president Satoru Iwata has told investors.

Asked outright if the perception of the Wii U as an underpowered console would limit future third-party releases on the platform, Iwata said:

"As you stated, it is a fact that some software development companies assume that Wii U is not powerful enough. On the contrary, some developers say in interviews that Wii U has a different architecture from other consoles and that, when utilized in the right way, it can perform well."

He added: "At the moment, there is a great deal of contradictory information. Nintendo is required to make more efforts to dispel such a misconception. In fact, some software companies are actively supporting Wii U and others are not. It is important to have supportive companies enjoy successful sales of a game and feel that their decision to develop something for Wii U was correct. We understand that this cannot possibly be achieved overnight and it may sound unconvincing under the current slow sales of Wii U.

"We would like to work to revitalize the Wii U market and show you favourable results for third-party software from this summer," Iwata concluded.

The Wii U has already seen jazzed up ports of current generation games, with Criterion's Need for Speed: Most Wanted sporting an improved texture resolution. An upcoming version of Square Enix's Deus Ex: Human Revolution also promises to be the best version on its release.

Source: Nintendo Investor Relations Q&A