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Microsoft struck gold, as well as gold could be struck within the supply chain crisis and chip shortage, by having the Series S as a backup option this gen.  Seeing the XBox Series outselling the XBox One even without being able to adequately supply the Series X is telling for how this gen will play out I think.  It might not wind up as close as the 7th Gen was, but it's a big recovery from the more than 2 to 1 beating the XBox One just took last gen.  Having a cheaper alternative SKU available while Sony has been struggling to supply demand of their console is turning out to be almost as good as getting the XBox 360 out a year earlier than the PS3 (in terms of units sold, not in terms of hardware reliability).  For anyone who thinks that Sony is just going to make up all these lost sales on the backend of this gen, it's a good lesson to look back at that 7th gen as well.  Sony played a good amount of catchup at the end of the gen and eventually did overtake the 360 in total sales.  But when compared to the marketshare that was lost from the previous gen, it's clear that a large portion of gamers who had bought an XBox 360 instead did not go back and buy a PS3 later.  That's history that could very well repeat itself here.  

To be clear though, Sony will be fine overall once the supply issue is sorted out.  But, I definitely feel that the chunk of marketshare they are losing to Microsoft in the meantime is not going to be reclaimed this gen.