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OTBWY said:
They are competing for a place in someone's home, for someone's gaming time, for someone looking to invest money into their platform. So it is foolish to think that they don't compete.

They're competing for time among two different groups of people. As the top-selling games on each will be evident, minimal crossover. They will have very different software libraries. It's not like the PS4/XBO, where the games are largely the same.