Scalpers certainly aren’t helping but it is a little bit of a misnomer? Not entirely but partly at least?
Physical sales are down everywhere due to the shift to digital, that should make up some of the difference. Plus, aside from Demon’s Souls (which is a remake) there aren’t any big next gen exclusives yet.
Assassins Creed, Call of Duty, Spiderman, FIFA, Cyberpunk, Immortals, Yakuza, Watchdogs - all of this years big holidays releases are cross-gen, so it blurs its a bit.