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Conina said:
Kyuu said:

People are willing to pay more for a phone than a console, or a car than a phone, or a house than a car!

People aren't a hivemind who all think the same.

Entry class smartphones are so good/performant these days for the usual tasks, I don't understand why so many people pay double/triple/4x/5x for a slightly better model.

On home consoles and handhelds I see the value of a new model which is multiple times as fast as the old model and supports the newest games. 

Millions would buy a PS6 at any price. But at a $1000+, the majority of Playstation gamers wouldn't upgrade. That would price out tens of millions.