SNES = king of all systems.

[theRepublic]

Sky Render said:

From the perspective of the dedicated gamer, the SNES was indeed a strong system and a welcome upgrade. To the mainstream gamer, it was an insult as it was asking them to buy yet ANOTHER system; what was wrong with the NES, they asked? (No, I'm not kidding, people did ask that.) For Nintendo, it set up a chain of events that almost ended up destroying them, so it wasn't exactly their best move when they decided to release it. Take your pick of perspectives.

That's hyperbole.  While Nintendo did lose market share as strong competitors entered the market, they remained profitable for that entire period.  They were not in danger of being destroyed.