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Nintendo lost money for 3 years straight, have they made it back yet?? Because thats something that hasnt happened in forever. Not only that but they cant just fall back on handhelds because their sales are at an all time low.
PS4 can be sold for $0 profit (hell even a slight loss) as they are making plenty of money off of PS+ and software sales which will only grow as that install base grows. Thats why MS are ok with taking a hit now if its needed to increase hardware sales, they can afford it now and try and make money back on subs and software.