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Kantor said:
Even if there were double buys, not many people would have owned more than one PS2. Let's say 100 million people had PS2's.
100 is still more than 70.

I know that was further along in the console generation, but I find that irrelevant. Are there people who think "I'm only going to buy a console in year 4 of any given generation"?

Surely if you had a PS2 for 3 years, and liked it (who didn't like a ps2 they owned) then you would want a PS3. Or at least a 360. Something.

Not everyone can afford to upgrade, not everyone sees a reason to upgrade, not everyone want a console etc.

You can't say that gamers are people who always wants the newest and the best there is. Lots of gamers still PS2's and don't see the need to upgrade. Could be because they don't see the point in HD gaming without a HDTV for example. Or maybe they don't want what is on offer at the moment, and jumps on once there is a broader selection of games on cheaper consoles etc.