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That’s twice in the same thread you’re stating that customers are generally going to buy an Xbox Series X and a PS5. How much does a console even cost nowadays, $500? 550? I doubt a lot of people would willing to spend (or could even afford) $1000, when most of the library overlaps. When confronted with buying a new console, customers will look at the differences between the various options, and pretty much the only differences between an XBSX and a PS5 are the exclusives.
You’re not wrong, but anyone with the budget to buy both will (and even some without the budget, unfortunately) when there’s enough exclusives. You state that ‘most of the library overlaps’, but that’s my point. When enough of the library doesn’t, when enough games are exclusive, suddenly you have two gaming consoles that don’t compete.
For instance, take the Nintendo Switch. While attempts have been made to port over games to the console, its hardware is a limiting factor and the Switch has many exclusives. There’s no shortage of people who own a Switch and a PS5.