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I doubt it.

By that logic the Switch should already be outselling the PS4 and it isn't.

It's true that PS4 demand might drop once the PS5 has been revealed, but lets not forget price cuts are a thing.

Quite honestly, the switch is an oddity at this point. It's difficult to predict what it can and can't do. For all we know, the switch could equally lose appeal faced with a new technology gen. So... wait and see.