Agree with both of you.
Sony has become the market leader with revenue bigger than both Nintendo and Xbox combined. This means a massive amount of third party game sales are made only on their platform.
Their first party has pretty much reached Nintendo levels:
TLoU, UC4 -> 17 million+
Spiderman -> 13.2 million+ (Spiderman is prob reaching 16-20 million)
GOW, HZD -> 10 million+ (GOW is prob reaching 15 million)
Would not be surprised if Sony ends the gen with two 20 million sellers (TLoU II, TLoU/Spiderman)
Combined with their margins increasing with digital rising, Sony's profitability has reached new highs. I don't think Nintendo or Xbox are at a position to overthrow Sony's lead at the moment. While the SW is doing great, its going to be peaking soon, and its software sales and digital storefront are dwarfed by Playstation. MS simply don't have the brand to compete with PS worldwide, their first party is considerably weaker and they've lost a massive part i third party sales due to hardware sales being so weak.