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Didn't really want to get into this, but I'll bite. 

Turkish said:

-Microsoft wouldn't have entered the console business with Sony.

-Nintendo 64, would be the leader of Gen 5 which means gaming held back another generation of the constraints of cartridges.

-Online gaming coming much later to consoles, yes Sega invented it but with Nintendo as leaders it wouldn't have become standard. (hell Nintendo still hasn't sorted out their online platform).

Microsoft would hav enetered the console business regardless. They even tried to buy nintendo at one point. 

How do you kno the N64 would have had cartridges if the PS didn't exist? Nintendo used the PS as an example for how good they wanted their games to look, and realized they couldn't surpass the PS without the use of cartridges.

The N64 Disk Drive had online functionallity. See point above as to why PS stopped that. 

Dr.Henry_Killinger said:
Ka-pi96 said:
I would hope somebody else would have seen the potential of the industry and have stepped in.

If not then PC gaming would truly reign supreme.

Mobile gaming

Had PS not existed, Nintendo wouldn't have opened the gates for casual gamers. Mobile gaming might have made it in eventually, but I doubt it would be this big.