Next generation will be even worse, it will be a complete cross-gen for the entire generation, lol.
"Generation leaps" are meaningless when 98% of the games still look not that different from the previous generation's top games.
People aren't even buying the games that are supposed to be "graphical showcases" that's your other problem. A lot of these games that are relying on graphics to sell are flopping.
It used to be only Nintendo really was making big money in their own niche with lower end graphics on their games, but that has flipped now we are seeing real deal big ticket 3rd party blockbusters like Fortnite (can even run on a phone), Minecraft, Roblox, Genshin Impact, etc. etc. Even things like Baldur's Gate 3 and Elden Ring, these are not what I would call visual showcase titles at all. Call of Duty is the biggest yearly non-sports title for the industry and they are still making the game for last gen.
That's a big difference. Kids these days don't care as much about graphics, it's a preoccupation for a niche audience that frankly is an aging audience. Kids who are used to "good graphics" all their life (ie: grew up with a PS3/360) don't care. They don't want Senua's Saga, they aren't impressed by Alan Wake II, wouldn't give Unreal Engine 5 showcase Immortals of Aveum a shot, won't touch the PS5 only Final Fantasy games, etc. etc.
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