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Its not that people don't buy PS4 for Sony exclusives. The sales show PS4 exclusives are pretty much the best selling games on PS4 bar the massive IPs like GTA, MC, COD, FIFA etc.

It's that third party sales are far bigger than Nintendo/Sony/MS first parties. Think of it like iOS or Android: you get far more money by taking a cut of third party sales. Its why the loss of exclusives from PS1/2 didn't really hurt Sony. FF, MGS, KH may all be multiplatform but the majority of sales of those games still happen through Playstation, and hence they still get that cut.

Nintendo has to rely on its first party because third parties have left them for PS and now PS/XB/PC (a far bigger market) and it's unlikely they will have parity till their specs are in line.