In the real world it would be neither of these options, because Nintendo would likely make a partnership with Disney or Apple first. Two major corporations that have enough cash to take Nintendo IP's to another level! Which seems like where Nintendo wants to moving forward with the NX and into the future.
Look at Amiibos for instance and how they're selling, this wouldn't be possible on Playstation or Xbox for Nintendo. Games like Pikmin, Fire Emblem, or Splatoon would never have been made and the only titles that would remotely sell well would be Metroid and Zelda and that's as long as,they have some realistic appeal to the visuals. So a Nintendo that only makes realistic looking Metroid and Zelda titles just doesn't sound that appealing to me...
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