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xMetroid said:

"Sony is expecting PlayStation 5 hardware sales to decline year-over-year and has no major first-party releases from existing IP for the next fiscal year, which runs from April 2024 to March 2025." That is CRAZY. I feel like the PS5 never had a great year of first party exclusives since it's release. Since they didn't have any stock and production was compromised because of the pandemic they really should have just delayed the thing.

I think the inflation is for a big part tho, Nintendo must be really careful with their launch.

Having no major first party releases from existing IP is not the same as having no first party releases at all. 

Concord can release in 2024 and the bolded statement would still be true. I would even say the rumored Astrobot game falls into the latter as well.