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Sega is the one responsible. Had they not been so mismanaged (in Japan; the US branch were borderline geniuses), they would have gone on to become what Sony became. They had entered the console market when Nintendo had over 90% of the marketshare in the US (1988), and by 1993, they were winning. But the people in Japan who owned the company decided to take the reigns back and started making horrific decisions that all but sealed their fate. Sony stepped in, took the opportunity that Sega had provided, and capitalized on it. But make no mistake, Sega killed Sega.