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Norion said:

Starfield had weak reception so didn't boost sales outside of September and this year has the first COD game on Game Pass and they're obviously gonna push that so there's no reason to assume the holiday sales will be worse than last year to such a large degree. A 30% drop would still be really bad and is what I'm expecting and it's currently 30% down so far this year and was 30% down in May so I'm not ignoring the trend at all actually, my expectations are right in line with it.

For why College Football 25 will make a difference it's cause it's a popular game that's releasing on Xbox. The notion that cause the PS5 is more popular big multiplat releases won't benefit the Xbox Series is absurd, it's obviously gonna benefit cause some people will still choose to a buy an Xbox instead of a PS5. For some evidence of that here's a tweet from Welfare who tracks the US console market very closely. https://x.com/Welfare_JBP/status/1813254132079501367

What I'm trying to say is that the trend is -30% since two years ago so it should be -50% compared to two years ago this year. Trying to pass the anomalies from last year as a baseline is lying to yourself. There's no Starfield this year and I also highly doubt we will see those insane discounts again more so when they are launching new SKUs.

The College Football 25 reasoning is the same with Palworld earlier this year. The CoD on Game Pass advantage seems to be moot this deep in the generation at least as console sales is regarded.