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If Sony want to publish and sell more family friendly games (Ratchet, Astro, etc), they need to sell on Nintendo.
If Sony want to publish and sell more games in Japan, it needs to sell on Nintendo.

China, a huge market potential, is 99% PC and Mobile gaming. If Sony wants to sell more in China it needs at least to increase games going to PC.

Xbox though? Xbox has conditioned its players to play GamePass. I don't think people buying games will increase anytime soon on Xbox. Not sure it warrants the effort of porting and continued support of those ports.