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If you look at the current value of the companies, Nintendo is worth $47B and Sony is worth only about a third more at $60B. This is quite remarkable when Playstation is only 25% of Sony's revenue. So either the remaining 75% of Sony is viewed as only worth $13B, or (more likely), the investing community views Nintendo as more valuable than PlayStation.

So while people are quick to assume that the Switch is going to decline, major investing firms after doing research are placing billions of dollars going the other way. Time will tell of course, I just find the divergent views interesting.