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curl-6 said:

The F2P crowd have no incentive to re-enter the console space when their phone fills all their gaming needs, and they've been conditioned to paying low prices that a console ecosystem cannot survive on. The kind of games they want to play they can get for 99c or for free on a device they already own, why would they pay hundreds of dollars for an extra piece of hardware then $60 on top of that per game?

Some of them are doing just that on the PS4 ... 

As for why, quality games maybe ?