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Yeah money. They could back up all their development, loss, etc.
No smaller company would have survived that or kept going. It's really funny, though, that Microsoft did a lot of stuff that SEGA introduced to the world of consoles or did better than Nintendo in the first place. It's kinda like a new SEGA with a Dreamcast 2 (yeah, SEGA fans will hate that comparison) just that Microsoft pushes it into the mainstream line which SEGA could not do in the past (not just company failure, there was a different market).