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There are valid points mixed in but most of it is just overblown. He's exaggerating for effect, I guess. The battery aspect, for example, isn't really comparable.

It's just a simple fact that when you bank on innovation/gimmickry, you're taking a gamble. You won't know if what you're doing will be a hit or if it will be a turn-off. In comparison, the PS4 played it totally safe, so Sony had a much firmer idea of how their system would perform. The big problem for Nintendo is that it was a gamble that added significant cost to their system.