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Dallinor said:
Interesting to note that the Japanese market has contracted significantly since the PS1/PS2 era and that the PS4 is not exactly hitting a home run in NA (comparitively to the PS2, Wii or 360). So it's appeal as a brand has weakened in some markets, while growing stronger in others.

I don't think it has nothing to do with their brand weakening. The PS2 had almost zero competition. It got a 1-year advantage on most places and most 3rd party games were exclusive or timed exclusives. GTA: SA was a 1 year exclusive, imagine the damage that would do today.

The only reason why the PS4 doesn't dominate like that is because it actually has competitors that are good alternatives. The PS2 was like Mike Tyson fighting two small kids.