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PotentHerbs said:

The PS5 drop is not too bad considering the Pro launched last year.

But the PS5 being up on Black Friday week is a great sign. Europe has the strongest discounts for Sony this year, and their active for most of December, with many markets being price sensitive. 

Selling consoles at discounts is great for consumers but not for investors or the companies themselves. For example Nintendo's market cap is imploding because investors know that price cuts are the only thing that can move console sales soon, which means imploding profits from those companies, which means their money is 100 times better spent on AI rather than console companies with rapidly untenable profit outlook.