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Cold-Flipper said:

Conina said:

There are different degrees of competition. The PS2 had competition, but it was weaker.

The Wii had strong competition, but they compensated that by adding an additional target audience: the casual gamers.

The WiiU has a very strong competition: not only the PS4 and XBO, but also the well supported PS3 and 360.

How are the PS4 / XBO bigger competition than the GC & XB?

PS4 + XBO + PS3 + 360, not only PS4 + XBO... that's a problem, Nintendo created itself by leaving the hardware race.

The PS2 had first only to compete against the DreamCast. After SEGA has given up, and the new competitors arrived, the position of the PS2 was already very strong, the Xbox was a newcomer and the GameCube brought nothing new to the table, lacked DVD compatibility and had problems to get enough 3rd party support.