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Terrible analysis.

The whole market has changed. When PS2 launched there were 3rd parties making exclusive games simply because there was nothing else to release them on. The parity between PS4 and X1 is unprecedented in the history of (3d) consoles - it's too easy to make multiplats to ignore. And as some have mentioned, games cost HUNDREDS OF MILLIONS of dollars. They are MUCH MUCH more expensive to make and hence there is a much larger risk involved when publishing a game - doing so on multiple platforms decreases this risk.

As I said, terrible analysis.