The silver lining is, we'll be starting to get more games actually optimized and taking full advantage of the PS5 the longer the generation takes. And maybe some more effort into pro enhanced games as well.
Switch owners will also benefit if Switch 2 is going to suffer price increases. Nintendo will have to make cross generation games :/
XBox console sales were already dead, but don't know what effect it will have on gamepass. Maybe MS will pivot more to mobile as the last growing gaming market. Phones will get more expensive too yet people don't mind selling their soul for their phones :p
Owners of ageing hardware don't have to panic yet, game developers will keep catering to the majority, so 3060 and current CPUs will stay the target for now.
What will suffer is the advance to ray tracing taking over. Game development will have to stick to baked lighting for now. VR will stagnate further as well with rising prices. Steam Frame with 16GB ram and SSD storage is going to be expensive, Quest 3 might also go up in price while Meta keeps losing over 4 Billion per quarter on VR. It might actually give PSVR2 a bit of a boost. PSVR2 is now the same price as a Quest 3s during Cyber Monday week.
Standalone VR and ray tracing will be worst off.
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