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People that are buying a PS4 these days are pretty much never going to be early adaptors of a PS5 anyway. So while PS4 sales will shrink, I'd say it's a natural thing of it being old rather than PS5 is coming in 1.5 years.

Obviously there are some people that are waiting for a PS5 rather than to chip in on a PS4.. but I dont think it's the key reason why sales are lowering.