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If Sony can keep the prices as they are and have similar deals to last year's, PS5 will beat PS4's lifetime sales within two years. PS4 had a really weak supply constrained 2020, whereas a readily available PS5 in 2027 should get a huge boost from GTA6. There's no way PS5 won't outsell the PS4 even if it gets another price hike.

The only thing that could stop PS5 from outselling the PS4 is if Sony chooses to limit PS5 production too early because they don't want to sell too many consoles at a significant loss. We just don't know how much these consoles will cost to manufacture in the next two years, or the nature and period of Sony's contracts with chip makers.