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think-man said:
I feel like Sony was already regaining confidence near the mid way mark of the PS3's life. They managed to turn around a near disaster and deliver some solid titles. First few years of PS3 were terrible though.

 

This right here. The latter part of 7th gen saw plenty of great Sony support while the 360 sort of languished. That, combined with MS tripping down three flights of stairs during the XB1 reveal and Sony's lower pricepoint sealed the deal. It's actually impressive how well Xbox is doing now, all things considered.