Without Playstation, would the industry be in another crisis?

[JOKA_]

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

JOKA_ said:
No, somebody else would have stepped in/up.

Like who? 3DO was a bust and Microsoft didnt set foot into console gaming until Sony became a threat.

This is impossible to predict, I don't have a specific company name for you.

Maybe Sega wouldn't have stopped making consoles? maybe Nintendo would have gone in a different direction? Maybe some small new startup that no one has mentioned would have stepped in?

I just find it extremely hard to believe that an industry would hit hard times, leaving a whole bunch of money on the table, and NO ONE was going to throw their hat in the ring to snag some of it.