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Landguy said:
DRM had nothing to do with the XB1 being stomped by the PS4. I think others have said it clearly, the 360 lacked any real exclusives in the last 2 years leading up to the release of the XB1. Then you add the Kinect bundling and $100 price bump over PS4 and BOOM. The XB1 needed price parity at least at launch, after all the forum dwellers jumped on the "PS4 is more powerful than the XB1", M$ just plain misread the whole market worldwide.

I largely agree with this, though I do think the 'no used games' news definitely added to the more substantial problems of $499 and the poor reputation of the 360 in the final couple of years.

Something I think can't be understated, and I remember arguing with people at the time, is the VAST increase in the power of social media.

I distinctly remember people saying 'nobody cares about performance', 'the most powerful console has never won', etc, after hearing the PS4 was going to have superior GPU and memory. The 8th gen consoles were the first to be launched in the environment of megabehemoth social media forces like Facebook and Twitter. And the fact that the $399 console ran the same games better than the $499 console was an easy thing to tweet/post about TO THE GENERAL PUBLIC. That is a massive difference compared to the relatively tiny number of people that frequent gaming forums in the big picture. The disastrous XB1 reveal got so much social media traction that it actually crossed over into the mainstream for a short time.