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This chart has been the centerpiece of a few threads on the site already, so I don't really want to belabor the point.

All I'll say is it's a very impressive accomplishment from Nintendo that it was able to stay in the black for so long, especially considering how poorly GCN did in comparison to its competitors.

However, one could argue that Sony and Microsoft needed to suffer some of these losses to avoid even greater losses in the long term.