The figures are 685% in the UK, not Europe as a whole. That's important to note as Nintendo is doing fairly well in some European countries (mainly France), but doing abysmally in others (the UK, in particular).
Here in the UK, Nintendo is pretty much a non-factor nowadays. Very few people care about the Wii U, and the 3ds isn't doing particularly well, either.
Here's the software charts for this year so far --
(Note: Look how much GTA5 bumped 360/PS3 software sales - crazy stuff).
PC retail games are outselling 3ds games. Says it all, really.
This mess is of Nintendo's own doing, though, and they're still making stupidly dumb moves.
Case in point, the Wind Waker remake is selling for ?40 on
Amazon(has an RRP of ?45), while GTA5 is available nationwide for ?35~ or so. Why the fuck is a remake of a 10 year old game so expensive? It makes no sense at all.
So yeah, in summary, Nintendo is dead here. I look forward to picking up a Wii U for next to nothing when the retailers fire sell them next year in the post-Xmas Boxing Day sales.