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High numbers indeed. Here's my speculation.
1. At least 2 million of those were sold to scalpers, possibly 3 million or more.
2. PS5 will outsell the Wii and PS1, but fall short of the PS4 and Switch (and anything higher than that). I see the demand for PS5 as very front-heavy. So very different from the PS3 and pretty different from the Switch as well.



Lifetime Sales Predictions 

Switch: 151 million (was 73, then 96, then 113 million, then 125 million, then 144 million)

PS5: 115 million (was 105 million) Xbox Series S/X: 57 million (was 60 million, then 67 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima