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Won't consoles get upgraded hardware again and again and PS4/Nintendo has the First Party and third party support.
I mean we are reaching the limits already of what can be achieved look at Last of Us 2 and Death Stranding.

As long as consoles hit that price point and have good games they are going to be a long long time here,And all in all VR/AR is the future whether we like it or not.

Like Consoles like PC if you are going to get same experience for 300$ why would you spend 700-1000$ for high end when there won't be any difference.