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I thought the Xbox was the most powerful system of last gen.
Anyways, in units, it got outsold by the Xbox by about two million. For Nintendo to ship less consoles than MS on their first shot was not a good sign, especially considering the massive price slashes the Gamecube got.
Also, the Gamecube had a huge set of quality titles on launch, but this volume declined over time with many third party developers leaving the console. First party devs kept pumping out good games, but multiplats were typically inferior on the Gamecube.
Also, the miniDVDs that the Gamecube used had much less storage space than the regular DVDs used by the PS2 and Xbox. That was probably a huge pain for third party devs, and the reason why a lot of multiplats were significantly cut down on the Gamecube compared to the PS2 or Xbox.