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Pemalite said:

Doesn't matter. Microsoft and Sony are competitors. Microsoft is using backwards compatibility to leverage themselves above Sony's offerings... And to an extent that has worked for Microsoft.
It also means that Microsoft is still able to sell old stuff, which collectors love.

I mean, so many Steam users have hundreds of games with like 37% of their library unplayed, Valve still makes a ton of money.
https://www.usgamer.net/articles/37-of-steam-games-go-unplayed-valve-titles-remain-most-popular

Depends, Sony could just opt in to remaster/remake games instead and it would have nearly the same effect but if customers really cared about BC they wouldn't buying PS4/Switch's in droves over an X1 since those systems don't offer BC with any of their predecessors ... 

It's the content we care about, not the functionality. Most of us don't care about BC itself, it's just a means to the access content we want and it's not the only one either ...