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Yeah I would argue MS is Software last. MS invests in the same caliber of HW as Sony, or better.

XBOX> PS2
360= PS3
XB1= PS4, XB1X>PS4 Pro

Sony on the other hand I would argue is most balanced in their approach. They always want the top HW or with unique aspects (like CD, DVD, Blu Ray). They put out quite a bit SW and invest heavily into new AAA ips. They invest in services like in the PS3 era, they offered PSN for free when their competitor was making big bucks.