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Squilliam said:
Nintendo's luck ran out. Simply the same reason why Sony fell as well, there is no manifest destiny in the console or handheld market and a large part of the great success they both had previously is simply good fortune.

Wrong, except for, "there is no manifest destiny in the console or handheld market".

Nintendo's dominance in the handheld market has been due to appealing to what the market wanted.

Sony fell because of a chain of bad decisions.

Microsoft excelled because of a chain of great decisions.

Almost nothing to do with luck in all cases...