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Even if GTA VI releases this year, I still see 2025 being a decline from 2024, but it should still be close to 2024 thanks to that game. Maybe something like 18m? I could even see Holiday 2025 sales for PS5 being slightly higher in 2025 than 2024 but the other 3 quarters would be down.

The Holiday 2024 results are impressive, but the PS5 is definitely in decline mode. Like the Switch, it will be a gradual decline and not a steep one though. Switch OLED, SV, TOTK & Wonder didn't cause an increase YOY, but they gave the Switch a gradual decline. I would say the same for PS5 with Pro, GTA VI and whatever else they cook up.