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Before the PS5 launched I thought it would sell less than the PS4, if not by much, like 105-110 million units, because of healthier competition, but now after it's launch I think it can outsell the PS4.

A huge launch on its own obviously doesn't say everything, the Switch had a way smaller launch for example, but demand being even way higher even though it already had the biggest launch ever I think it will definitely sell over 120 million units. How far it will go beyond that is uncertain. That's why I voted for 100-125 million even though it could sell over 130 million units.