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They have hardware, excellent infrastructure, tons of people, studios and talent, plus ungodly amount of money ... so what possibly could be missing? Ah yes, GOOD GAMES!

It boils down to basics. PS5 is pretty much XBSX + couple of excellent games. So why on Earth would you go with Xbox? I'll take this question even further. Considering that all of those games are (or soon will be) available on a PC, why would you even buy a home console nowadays?