TL:DR – Sony blew everyone else away
Sega bailed after Saturn/Dreamcast, Nintendo tried to be different, and hold their niche market, MS threw money at the problem stubbornly with no soul, buoyed only by Halo.
It stopped being about bits a long time ago, or even the hardware itself. It’s became about platform exclusives, consumables, longer revenue tail and online play.
Which – really is saying the ecosystem with the most users wins. That’s why MS bought Activision – purely to buy traffic. Users you can sell other things too, and integrate as much of their entertainment, search and shopping data into a unified profile.
Sony won the user race 8 years ago. It’s not really been close since.
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