Earlier quoted context omitted.
It was believed Square’s choice to put Final Fantasy on PlayStation killed the Sega Saturn, and dented N64 adoption. But this is console war mythos, not sure if anyone really dug into it. The power of Square once upon a time may have been truly legendary, but who knows for sure?
Cartridge price played a big part for N64. MSRP for new games was about $60 compared to most PS1 games @ $50. Worse, retailers often marked them up a lot, which didn't seem to happen for PS1 games. I'm pretty sure I paid $80 for Ocarina of Time, while I snagged FFVII for the $50 MSRP. And IIRC price drops were pretty rare, especially for 1st party games. (Still true today). It made me much less willing to take a chan…
Cartridges were not only an anti piracy move, it saved on cost of console manufacturing (the N64 was still sold at a loss).
As you point out N64 games were originally a lot more expensive than playstation games.
Also Nintendo were really restrictive with who could develop for the N64, remember the whole "dream team" thing? Mean playstation had way more favourable licensing and you didn't need silicon graphics workstations (I think I'm correct in N64 dev requiring them?)