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He's actually right. Nintendo is an extremely conservative company. They make sure they just cannot lose money on anything they do (a bit of a hyperbole but you get the idea).

Sony is taking much more risk by investing billions of dollars and they never really know if they'll ever see it back again. Just look at the PS3, it's costed them all the profit they made with the PS1 and PS2.

Does that make Sony better than Nintendo? Au contraire. Nintendo know much better how to operate business than Sony. But you can't say Sony doesn't have some balls at least.