I guess MS. considering how X1 stacks up against PS4. As for Sony multiple factors were in place.. they had invested huge amount into cell and Bluray which they assumed people will buy. I think everyone remember CELL was supposed to be 4 ghz, more powerful RSX, full BC compatiblity, not to mention three ethernet port, 2 hdmi so they had a something to ride on as it was going to be the most powerful consumer electronic at that point in time even including 360 and also there was virtually no competition given how 1st xbox and gamecube fared.
But on the other hand MS with X1 had no such advantage so they had no reason to be so confident/cocky abt X1. They were delivering on paper an inferior spec product compare to its competitor which is cheaper and more powerful. So i would say MS
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