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Yes and no. It did revive the console, and that had a huge impact. Something like this might have happened anyway, but we can't assume it would have happened. A lot of people felt consoles were a waste of time and that home computers were the future of gaming.

If Nintendo had not produced the NES, would someone else have done it? Could someone else have gotten past retailers and consumers who thought game consoles were dead? Could PC gaming have replaced console gaming? We cannot say.

What we can say is that Nintendo overcame a lot of hardships, from retailer biases to constant lawsuits from Atari, to revive the home console. And in North America and Japan it was huge.