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The reason Sony is doing so well this generation is because they decided not to innovate relative to the competition. Microsoft shot themselves in the foot with their focus on Kinect and their ridiculous online policies early on, allowing Sony to get a huge amount of good press for saying 'we're keeping things the same and not doing what Microsoft is doing,' and Nintendo went overboard trying to innovate with the Wii U, leading to the console being a failure saleswise. Sony released a safe, normal system with a good variety of safe, normal games, and that is exactly what the market wanted in the 8th generation.

Software innovation is mostly on the indie side of things nowadays.