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In actuality -- there's little overlap between Nintendo's audience (Nintendo loyalsts will buy Nintendo no matter what Sony/MS do and maybe get a PS4/XB1 for third party stuff + the kids/family market) and the PS4/XB1 audience.

PS3/360 honestly are probably bigger thorns in Nintendo's side because they're hurting them with cheapskate parents.

PS4 vs. XB1 is the direct war, they are aimed at exactly the same demographic.