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PAOerfulone said:

For comparison, the PS4 shipped 7.5 million units by March 2014.
So Sony was previously expecting to ship double that amount for PS5 units through March 2021, before lowering it to the point where they now expect to ship just an additional 3.5 million PS5 units for March 2021.

...I really think Sony is overestimating demand here.

Whatever Sony puts out there, it's going to sell out. Especially if it really is $399 for DE and $449 for the disk. When it comes to hype and mindshare, the PS5 has the vast majority of it compared to the XSS and XSX. MS has fumbled their launch again with the lack of compelling exclusive SW in the launch window. Their focus on cross-gen gaming. Two game reveal events that were mocked. And I still don't think we have seen anything but B/C games running on the actual HW. 

You may not think it's as bad as the XBO launch, which in a vacuum it's not. However, this isn't a vacuum. Xbox has never fully recovered from the XBO launch. MS didn't help when they slowed exclusive output to a crawl. Much that did come out was mediocre and didn't perform well. There's a reason the PS4 can still sell ~200K in NPD, which covers Xbox's strongest region, after being out almost 7 years, while XBO has been below 50K.