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Here are some of the big innovations each company has done:

Nintendo:

-Really brought back gaming after the big crash with the NES

-First controller with d-pad, 4 face buttons and L and R buttons/triggers

-Put out the first game that let you save your progress

-Started the slim console trend

-First controller to bring an analog stick (N64)

-First controller with rumble attachment

-First wireless controller

-Revolutionalized motion controls

-Revolutionalized the handheld gaming market

-First controller with touch screen

Sony:

-First controller with dual analog sticks

-First controller with built in rumble features

-First console with a memory card

-Pushed the limits of disc storage to what we have today

-Introduced DVD and Blu Ray to home consoles.

Microsoft:

-First console with a build in harddrive

-Really pushed online gaming to what it is today

-First HD console

-First one to come out with Achievements/Trophies

 

(If there is anything big that I missed let me know and Ill add it)