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JackHandy said:

I just realized from looking at these numbers that if the Switch wins this gen, it will have won four home console generations (NES, SNES, and Wii being the other three) which would make it the all-time leader by one (Sony would be second with PS1,PS2 and PS4). That's downright remarkable considering the under-performing N64 and dud that was Gamecube and Wii-U. Not many companies can survive after such massive pitfalls.

Companies that sell at a profit survive stuff like this. 

Having a dud product now and again isn't a big problem unless the dud is because of quality issues that soil the brand.

This couple with Nintendo always having the second leg of portables selling OK to really well is why they can endure the occasional dud generation.

To expand even further on Nintendo is aside from it's own brand power you have the brand power of Mario (first and foremost) and then Pokemon, Zelda, Animal Crossing etc.