Sega could have worked to develop another console after the Dreamcast, but since there were giant competitors in the market, Sega chose to get out of the game. They are still a part of the gaming industry, but they do not make consoles anymore.

Is Sega making a new console 2021?

Now another one is going up for pre-order, in this case a game that'll be making its console debut on Super NES and SEGA Genesis / Mega Drive; yes, it is indeed 2021! This time around it's Chip's Challenge, which has been ported to the 16-bit systems and will be produced and sold by The Retro Room.

Why did Sega stop making consoles?

Sega Enterprises will stop manufacturing its money-losing Dreamcast video game console in March to focus on the company's more lucrative software business, said Peter Moore, president of Sega of America. ... Sega's end to its 11-year involvement in the console business amounts to a capitulation to rivals Sony and Nintendo.