foxtail said:
The $99 Gamecube comes up all the time, but the DVD capable PS2 wasn't that much more in price. A lot of people remember the initial price cuts but forget all the PS2 price cuts that followed. After the $99 price cut on the Gamecube the PS2 was on average only ~$51 more expensive. The PS2 was also on average only ~$54 more expensive than the Gamecube throughout the Gamecube's lifespan. The Gamecube ended up selling 11.29 Million units at the $99 price. The PS2 ended up selling 35.30 Million units at the $99 price.
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This is interesting but doesn't change the point. Why didn't people buy both systems since the Gamecube was so cheap? The truth is once people have one gaming system they're quite content with that for the rest of the generation. Even if an NX undercuts the PS4 in price, it'll likely be a similar position to the gamecube but even worse considering PS2 only had 1 year advantage instead of 3.