Also noteworthy that not only are PS5 sales behind PS4, but the PlayStation’s competition has almost entirely disappeared, and that hasn’t resulted in more PlayStations sold.
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Switch ate them all while being 2 generations behind
After Nintendo saw how much the Wii succeeded while effectively being a gamecube with motion controls and a DVD drive vs. two “top tier titans”, they never bothered again with being at the forefront of tech, which possibly felt like a homecoming, considering the Famicom was kinda underpowered at release, but cheap to produce.