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S.T.A.G.E. said:

Nintendo forced their market to migrate to Sony and others gen after gen since Sony entered the gaming realm because they refused to compete with their formats hence third parties siding with Sony. They essentially trained their leftover market (loyalists) to buy mostly first party exclusives.

Contrary to popular belief, the console "loyalists" do not number in the dozens of millions. Not even for Nintendo. Funny thing is, you're looking at the "Nintendo loyalist" demographic right here on this website, and it couldn't be more obvious that this small faction does not represent the purchasing patterns of Nintendo's broader audience.