PS2 was too much of a beast for anyone to handle. 

Still, GC would have probably done worse if it had inferior hardware

???

What an excuse.

Devices sell because games, not hardware. If that was the case, DS,3DS and Wii wouldn't have sold better than competition. Those consoles have games that people wanted to play, not because the ram or the gpu.

And third party support has been neglected mostly to Nintendo consoles because their bad relationship with them in the NES-SNES era.

Studios closed because they ran bad buisness and didnt make games that were appealing to the market. It has absolutely nothing to do with hardware and graphics. I can not believe you really think graphics are the reason studios shut down xD. There were studios that failed even when visuals were at PS2 standards. And companies who are under Sony can still fail (Studio Liverpool) so you dont have to act as if i gave some bad example of anything

Which is good for us customers

Here.

Educate yourself.

That article is as bias as they come and completely fails at giving any form of balance. Some of the developers she mentions in this article have actually profited and grown hugely this generation. He talks about Bioware making the most expensive game but that same studio from the start of the gen has grown hugely to the point where it now encompasses 5 teams/studios with nearly 1000 employees and has 3 of the biggest IPs going into next gen. That's all from a single studio in 2005.

It also fails to recognise that studios should actually have an easier time of making games moving into next gen than with PS3/360. The PS4/X1 architectures are effectively PCs meaning far less time (and effectively money) can be spent on engine development and more time spent on the games themselves.

Anyway, have studios closed this gen? Yes, of course, but this happens every generation. Developers and publishers that fail to adapt to the changing market conditions will either go under, or get bought by someone else. That's just business as usual in this industry.

Exactly. Plus, Nintendo doesn't have other divisions/areas to take money for. They are only a videogame company.

Haha, thats a good one xD. Studios going under because standards for graphics are getting higher lol.

I now see why Naughty Dog, Epic and Polyphony are all going bankrupt... Its not like ND's new IP shipped 3 million copies 1st week

Yes, and so they have to sell X ammount to break even. You know Watch Dogs NEEDS to sell 6 million copies to be profitable ?

Why do you think capcom is on the dust with their bank account ? do you think resident evil 5 was a success ? Why so many seasoned devs going indie ?

higher costs always means the most incapable studios, financially or technically, will go down. Stop saying otherwise, you are annoying.

Haha, thats a good one xD. Studios going under because standards for graphics are getting higher lol.

I now see why Naughty Dog, Epic and Polyphony are all going bankrupt... Its not like ND's new IP shipped 3 million copies 1st week