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Dodece said:

They are actually redundant in being a manufacturer. The industry doesn't require three console manufacturers, and supporting three actually increases development costs. Toss in the facts that Nintendo isn't healthy, competes aggressively towards third parties, and wants to continually make hardware that is radically different from the other two players, and you get a pariah.

For this reason, I would argue that either Sony or Microsoft is the redundant manufacturer, since as you pointed out, they make practically identical hardware while Nintendo offers a different product.