Sony has $20 billion of cash on hand as of December 2024, Microsoft has $70 billion of cash on hand, and Apple has $53 billion of cash on hand. If something goes south, the rest of the company can keep them afloat (and has in multiple cases, see Xbox 360 red ring); Nintendo has no such luxury.
Sony receives 38% of their revenue from PlayStation. Microsoft receives 8% of their revenue from Xbox. Apple's amount is four times larger than Nintendo, but insignificant to Apple. Nintendo, meanwhile, >90% at least comes from gaming-related activity (movie and toy licensing might be the exception).
Yes, Nintendo is the smallest, the most dependent on the industry, and it's not even close.
Sony receives 38% of their revenue from PlayStation. Microsoft receives 8% of their revenue from Xbox. Apple's amount is four times larger than Nintendo, but insignificant to Apple. Nintendo, meanwhile, >90% at least comes from gaming-related activity (movie and toy licensing might be the exception).
Yes, Nintendo is the smallest, the most dependent on the industry, and it's not even close.