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MikeB said:
Yes, the Nintendo 64 initially greatly outsold the Playstation in Japan.

It's not possible to make a accurate comparison with past situations for various reasons. For one game consoles were developed to be very cheap, not allowing the technology to drop that much in cost in course of time, secondly launch games were more on par with later games Sonic The Hedgehog is still my favourite for the Sega Mega Drive and Super Mario World is my favourite for the Snes, for comparison the PS3's hardware offers a lot of headroom for developers thus Killzone 2 and other future games will be technically far more impressive than PS3 launch games.

Then there are other additional factors, current consoles can better expanded with upgrades and the software features expanded through firmware updates. Seconday product popularity also effects game console sales in the case of the PS3, like HDTV penetration and Blu-Ray movie player adoption.

So, there are so many new factors to take into account as compared to Mega Drive vs Snes wars.

 

http://www.vgchartz.com/hwcomps.php?cons1=N64&reg1=Japan&cons2=PS&reg2=Japan&cons3=SAT&reg3=Japan

The little blue line never crosses the little red line ... The Playstation had an 18 month lead to build steam before the N64 was released