Back when the PS1 released, I sat back in shock as Sega and Nintendo made boneheaded decision after another. The PS1 wasn't the best hardware but it was capable enough and had cheaper games and CD technology. They won because the competition committed suicide. They underestimated Sony.
Then, with PS2, the momentum was so great that nothing was gonna stop that machine. The console launced in 2000 and didn't even have a single first party game on day one! My mind still can't wrap itself around that!! The year's head start and the fact that every 3rd party was on board didn't hurt things, either.
With the PS3, Sony finally made some mistakes of their own. More than anything, the problem was price but overall, even though I was an Xbox 360 fan, I'm willing to admit that the PS3 was the more capable console. While I prefer the 360 library and interface, the PS3 had the browser that let you download pics and movies, had the blu-ray player, etc. They bounced back nicely, even though it cost them a lot of money and market share.
Now, we have the PS4. Even as a PS4 owner, I feel like the console is a disappointment. As of now, I like the Xbox One better but it's pretty obvious that the PS4 is mandatory hardware. Not yet, but it will be. The Xbox One doesn't have the better exclusive library but it has the better overall library (imo). I don't know if that's going to last if the One fails to do what M$ wants it to do. Basically, the PS4 sold well based on its potential and its pedigree.
To use a sports analogy: Sony wins because they use basic fundamentals (power, price, games) while the competition tries to win doing unorthodox methods. They go for these hail-Mary plays and then they're shocked when they fumble the ball. They basically hand Sony the championship.
It's crazy to see the least used console in my home (even behind the PS3, 360, and lately, even the original Wii!) get all of the attention. The PS4 SHOULD win based on its power and price but it hasn't earned it, yet. Not until the big games come.












