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Neither.
Nintend explicitly announced it´s blue ocean strategy, and Switch´s unique hybrid format mean it isn´t competitor to win vs PS or Xbox home consoles.
If Nintendo was winning anything, you would think they would be bragging about it, even if the framing was subjective like generations.
Yet they don´t really frame their success relative to broader market at all.
Fanboys who have emotional need for personalized competition doesn´t trump real business dynamics.