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If there were no Playstations and no Xboxes, then the industry would be completely different. A video games industry with just Nintendo and Sega as major players would've definitely attracted at least one additional competitor. There is money to be made, but I'm not sure at all who would've tried it in a fantasy world where Sony and Microsoft turned it down. Apple trying again? Maybe some other electronics giant? I view the N64's relative failure mostly as a result of Nintendo sticking too closely with the way they did things with the SNES when the audience wanted something else, and the Gamecube's as trying to be a Playstation, but coming short. If there had been no Playstation and the approach taken by the N64 would've worked, who knows where we'd be? It could've been for better or for worse, but most likely worse as I view the current Nintendo that had most of its home console market share taken by Sony, was then forced to rethink its strategy and with Iwata at the helm come up with the winning formula of the Wii and DS is infinitely superior to the old Nintendo ten years ago. I wish I could come up with a better hypothesis, but it's really like asking how the world were now if Hitler never lived, or how the last few years in global politics had gone if a democrat was elected in 2000. Too damn many things that would've gone differently, and too damn many things that would've reacted differently to those and so forth. No comparison of the USA and Nazi Germany intended. =P