I'd prefer to ask the Xbox 360 which needed over a billion dollars to fix red ringed consoles and change their process. Without those deep pockets, the Xbox platform would have died, including the xbox one.
The 360, like the PS4, won because it was significantly cheaper than the competition. Its politics and other factors play a role but I would argue they are far less significant than price for a mass market adoption consideration (especially when the market is as price sensitive as it is (kids)).