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Fact is that Sony never had "catastrophe" or failed console, yes PS3 sold less than PS2 and Wii, but still was pretty successful console with sold 85-90m units, not some kind of Wii U faile like OP sounds.

IMO its much more interesting how Nintendo after GC won last gen, how MS after original Xbox made very successful Xbox360, or how Nintendo totally failed with Wii U after their biggest success with Wii.