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you would probably get fewer games from nintendo. nintendo has to develop a certain amount of games to sell hardware. if they don't have to do it they would release only the most profitable games and would maybe care even less about new franchises.

or they would release the same amount of games but quality assurance wouldn't be so high anymore in the long run since they wouldn't have to release a system seller. i don't think that the latest mario would be exactly that good if they would have made it for ps360 or ps4/xb1.

well, this is my theory and could be totally wrong.