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KungKras said:
Also, even if Sega would have lost to the Super Nintendo, the damage that the 32X did was consoumer confidence. Had the Megadrive lost and the 32X was never launched, Sega would have been in a much better position even if the Super Nintendo outsold them.

Sega made massive mistakes with the Sega-CD, Sega 32X and the Saturn that really destroyed their brand ... They were all released with limited support which dried up (very) quickly, and the Saturn had the unique problem of launching at an insanely high price.