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I was literally just thinking about this.

Why do the weaker consoles often win?

I have some sales statistics that prove this

Weakest        Sales(M)             Strongest         Sales(M)

Snes               49.08                  Megadrive        30.75

PS1                 102.49                N64                  32.93

PS2                 117.89                Xbox                 24.76

GB                   118.69                GG                    10.67

 

I do not see price point as an issue here, as the gamecube was released at $200 in 2001 and the PS2 was released in 1999 at $300. I would rether attribute these sales to marketing as by 1999 the now common playstation brand was very popular whereas nintendos still illusive Dolphin project was not gaining much recognition. It's all down to marketing.