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Series S was more powerful than One X and packed an ultra fast SSD vs One X's ancient HDD, and yet it cost almost half as much at launch.

PS5 is many times more powetful than a One X, with a blisteringly fast SSD and storage system, and yet it retailed at the same price and made profit a few months into the generation. Xbox never made profit from hardware at that point.

The Switch 2 is effectively twice or more as poweful as a SteamDeck, and yet it's a lot cheaper. Does this mean Nintendo has to sell at $800 to make profit? lol.

Sony is now deeply involved with AMD in their chip designs, can get lower prices than virtually anyone in the business, and might be able to work something out with cheap Chinese RAM manufacturers to mitigate the problem. Positioning the PS6 as a mass market product enables them to sell at a moderate loss (vs minor profit on PS5 Pro), and they can reduce the storage from 2TB to 1TB or less which would save a ton of money. If a 2021 PS5 can be much more poweful than a One X and be sold at the same price (or a $100 lower with Digital Edition), then the same may happen again between PS5 Pro and PS6.

The price gap between PC and console hardware is obviously widening due in part to system RAM.