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If Nintendo went belly up today the retro community would have a field day
(self.showerthoughts)
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.
I feel like you get to have the odd "failed" console as long as the next one is a smash hit.
Sega had the Saturn and then the Dreamcast just before it was steamrollered by the PS2.
Nintendo had Gamecube not do so well, the Wii was a smash hit, the Wii U again did badly, then the Switch blew it all away again. They've found their niche. The Steamdeck is poking around in there, but I doubt it will get the traction Nintendo have.
MS are at their second duffer in a row, and frankly it looks like they'll drop out in the future to me. They're starting to be about games rather than hardware, even if it's just to try and push subscriptions. The great cloud migration never happened for them. I think they'll go pure publisher in future, even if they hold onto Game Pass.
Sony only really had a disappointment with the PS3. Every other generation has handily destroyed all competition. Even they're doing a lot of PC ports which is nice.