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The way I see it is that no matter when Microsoft launches its next console, it won't have any exclusives and it will sell less than Series X/S.

If a new Xbox is coming in 2026 then Sony waiting and releasing a more powerful PS6 in 2028 for the same price as the Xbox is not a bad move.

The problem with the PS3 was that it was a poorly designed console with the worst versions of the third party games of that generation while costing more than the 360. I don't think this will be the case with the PS6.

Unless the Switch 2 gets every third party game released like the PS systems Sony also don't have to worry about it imo.