I remember when PlayStation was generally considered a brave risk by an electronics company relatively inexperienced with the games industry. Then it came out and it was a phenomenal, affordable, incredibly well-made piece of hardware with amazing games. Nintendo was always too big and too successful to count out, though. Even when PlayStation really started to gain momentum in '96, Nintendo had already spectacularly shown off Super Mario 64 the previous year, which was enough for gamers to keep an open mind, and it more than lived up to the hype. I'd say it was around '97-'98 when N64's cartridge limitations became painfully obvious and PlayStation was absolutely dominating that it became apparent that Nintendo had been relegated to 2nd place as a brand. Still, they managed to make a lot of money during that time, more than Sony in fact.