Wait, again? Since when has Nintendo ever gotten their product out first and failed in the long run? Heck, the only actual "fail" of theirs EVER was the Virtual Boy, which wasn't going up against ANY competitors in the first place - it was just too much red for that blue ocean.
N64 and GCN both were profitable for them; they just didn't compete well. But they weren't the first out - N64 was beaten by PS1 by a year to two years, and GCN by a year by PS2 and almost three years originally by Dreamcast!
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