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If Switch 2 ever hits $700 because they're forced to due to AI .... it's effectively game over for all game consoles.

Just stick a fork in the industry and call it done for however long that would take.

Because that would mean probably $1000+ for a "real" PS6 and at that pricing range the industry is basically donezo.

I don't think they would even be able to match sales of the PS1/N64 era in overall hardware sold. The business would be sent backwards almost four decades.