The part about them expecting storage and memory to be twice as expensive as it is currently by late next year is a huge ouch so I guess things are gonna keep getting worse for a while before they start getting better so unless someone is confident they won't be buying new hardware for the next 2-3 years then they should get on that ASAP.
Xbox Series sales will of course be basically dead after this and it'll sell almost nothing next year though the bigger concern is if Sony does another big price increase early next year after the GTA 6 boost is over then the PS5 sales that year will be really poor and the Pro in particular would die cause it'd probably be over 1k.
Even that though is nothing compared to the potential impact on the Switch 2. Its sales have recently slowed down heavily in Japan so another increase there would be really bad for its long term sales especially if sales take a big hit in the west next year. A very strong first party lineup would only do so much if the price gets too high which is why they're the least likely to do a significant one next year since right now they need to build up a large install base though if market conditions get bad enough they'd be forced to do it eventually.
