[delecti]

Nintendo goes to more trouble than most to lock down their consoles (and they always have), and they also never sell their hardware at a loss (though this may have briefly been untrue after they lowered the price of the 3DS shortly after launch).

[jonny_eh]

Just because they don't sell their hardware at a loss, it doesn't mean they want to give up software licensing fees.

[delecti]

True, and I'm sure that's a factor, but Nintendo's history leads me to believe that it's more of a cultural/ethical thing than a financial thing.