Where did this come from?
I think you are really stretching the situation here. Most people don't think Nintendo is the god of the industry and every other company is lesser. (At least I would hope not, considering their countless mistakes.) However, Nintendo definitely plays an important role in the industry (When talking about this, I'm thinking back to a thread someone posted where it show's Nintendo's market cap was higher than Sony as a whole) and saying that they don't is just bullocks.
Every (larger) company plays an incremental role in this industry, some are just more important than others. Especially when you take the economics and business side of it into perspective.