Rather than just say money:
1). Microsoft hasn't released 2 major additions to the 360 with games which aren't cross compatible (Genesis Mega CD and 32x).
2). Microsoft hasn't released a major console on the day of its full E3 reveal (Saturn).
3). Microsoft hasn't killed off it's old console while waiting to build up to its new release (Saturn --> Dreamcast).
4). Microsoft isn't trying to incorporate a design which is unheard of at it's time (Saturn's Dual Core).
5). Microsoft didn't have two separate teams designing two totally different consoles on different consoles (Sega: USA 32x and Japan Saturn IIRC).
6). Microsoft hasn't dismantled it's American game studios (well not quite Sega levels anyway). (Sega of Japan had enough of Sega America and basically closed it down, so Sega's overall game output was roughly reduced by half).
7). Microsoft doesn't have a handheld.
8). Sega didn't have Microsofts money :P