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Overestimation of Nintendo as a publisher, the majority of their IPs are only known because they're on Nintendo platforms. Irregardless of quality, if you take them off (Nintendo Platforms), they'll just get wiped out by the multi platform sea, and like an iceberg you'd only see the top of Nintendo's IPs like Mario and Zelda.

Addendum:

In fact, none of the big 3 would probably do well as a third party, especially not Sony.



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