MS being a far richer company makes this not really matter. Point being gamers played Xbox more then the GameCube. Again speaking as a sole GameCube owner of that gen. No disrespect intended. 

Microsoft's is "lost" which means despite operating income they lost that much money on the first Xbox. Nintendo's is clearly profit. As to the chart, I don't know 100% what that is (on my phone at the moment) but Nintendo has been good on profit for decades looking at past data.

If more gamers play Xbox because they sold the device at a loss and took massive losses for years, that isn't really winning is my point. I could come out with a console that is the power of Xbox Series X and sell it for $1 and it could sell billions, but would you consider me and my company winning compared to the others? No, that would be silly. Profits are all that matters.

Also, it isn't Nintendo vs. Sony vs. Microsoft. It's Nintendo vs. Xbox Studios vs. PlayStation. If Xbox was a standalone division, the original Xbox would have ended their company. If PlayStation was a standalone company, the first few years of PS3 and Vita may have ended their company. Xbox was saved by Microsoft's massive money from windows/office products (amongst other things) and PlayStation was saved by TV/Entertainment center sales. I'm very glad both Xbox and PlayStation are still going and thriving in their own unique ways, by the way, as I want a healthy gaming market. Nintendo either dies or succeeds on video game hardware/software alone. They don't have a sugar daddy in some massive industry (windows, TV sales) to bail them out if they bomb like the other two companies do. Because of that fact, I think the only fair way to compare the three of them is based on profits for their gaming divisions and Nintendo easily wins that battle.

What law exactly?

I've heard it's difficult, but never impossible. Plus having publicly traded companies that can't be bought by the public sounds a bit much. So yeah, which law exactly?

Classic Nintendo arrogance. There haughtiness is even more pathetic when you realize...

The Nintendo 64 underperformed
The GameCube was their worst-selling home console to date, and apparently barely broke even.
The Wii U tanked and the 3DS sold only about half of the units of the DS and even fell short of the GBA. All this after the titanic double threat of the DS and Wii.

Nintendo would laugh even if their hardware was failing and the same proposition was made. As long as they have billions in the banks and keep their executives rich, that's all that matters to them. I don't think Nintendo will be bought out. I just think they'll eventually stop making hardware in the 2030s or 2040s and move over to PCs and smart devices.

Profit should be what we are tracking here, not operating income. Just saying.

Ok. Profits is logical. Just saying gamers chose the newcomer over Nintendo, despite what you said. Not completely one sided. 

True, but one of the ramifications of my point is I'm sure many gamers chose the Xbox because it was priced at a loss. If it was priced at a profit like the GameCube was, it is a certainty it would have sold less than it did, perhaps even less than the GameCube. 

Yeah, I assumed they were just spouting bullshit. Pretty sure I've actually called them out on that before and they refused to answer that time too.

Somebody posted something about Japan tightening laws on foreign ownership earlier, but that's literally just a law that requires vetting before the purchase can go through to protect national security. ie. no selling to suspicious Chinese companies. It certainly isn't a "no foreigners allowed" law.

I believe I read about a law that protects Japanese companies from hostile takeovers but if Ninty wanted it to happen, I don't think japan would stop it. The laws I know about are against what was about to happen to Ubisoft before it stopped.

Yeah, I assumed they were just spouting bullshit. Pretty sure I've actually called them out on that before and they refused to answer that time too.

Somebody posted something about Japan tightening laws on foreign ownership earlier, but that's literally just a law that requires vetting before the purchase can go through to protect national security. ie. no selling to suspicious Chinese companies. It certainly isn't a "no foreigners allowed" law.

This story makes me laugh my ass off. It gets better when you read the details. "We (Microsoft) will handle the hardware and you (Nintendo) make the software." LOL, I would rather buy hardware from Nintendo every single time. RROD anyone?

Microsoft had nothing to offer Nintendo except an unrealistically inflated ego.