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2026/2027 is going to begin to become radically different even for Playstation/XBox.

I think the reality of game streaming will start to set in in a big way as we get closer to that point ... you'll be able to stream games on any device, including your phone, even outside of the house on 5G, at graphical settings beyond any consumer level game console. 5G will be available everywhere, even in subways. 

This product cycle (PS5/XBX) I think in a lot of ways is the last traditional one, things will start to shift after that. Where the Switch fits into that will be interesting to see.

Even data caps will become less relevant with A.I. video stream compression (so like a 1080p-4K stream could consume the data of only say 480p) which is already being worked on. Also I think fold out phones with tablet sized screens will also become more commonplace by 2026 and beyond.