Other than the Wii, that is often true. The business model is selling licenses to game developers for the games to be sold for that console. Maybe, just maybe, they'll make money on the hardware at the end of its cycle.
The licensing deal is also often why sometimes the PC version is five to ten dollars cheaper than the console version. You need no one's permission to publish to the PC market.
The licensing deal is also often why sometimes the PC version is five to ten dollars cheaper than the console version. You need no one's permission to publish to the PC market.