Yeah I think this is part of it too .... Sony got a leg up on MS, and now if you're trying to choose between the two, you're more likely to go with the system your friends already have so you can play with them. 

The biggest reason in the long run is because Sony has so much more variety. Variety in in exclusives, more exclusives, and it's easy to argue that they have better exclusives (in the future of this current gen that is).

Sony also has more support in Europe and Japan which means that gamers over in America will get exclusives befitting of those kinds of games from both regions. Especially Japan, I cannot push this enough. MS has tried and tried, but even after getting as lucky as they could get against Sony last gen at the start, Japanese multiplats and exclusives still did better in America on the PS3 despite the smaller user base in comparison to the 360.

Sony isn't going to make that price mistake again, and even if they did, we'd get a repeat of the 7th gen. Tied, but with Sony having more incentive for anyone worldwide to get a Sony machine over a MS machine.

More games, more higher rated games, better hardware, larger install base now controls momentum in both getting more games and more customers.

the ps3 would have done the same if it didnt launch  a year later , that is why ms launch earlier , because they didnt want this to happen . sony caught ms off gaurd with the launch in 2013 nov. ms did not see that coming heck i dont think anyone did.

so hows ur xbox one.

PS4 is amazing imo. I'm 35 & have been gaming since the Atari 2600 in the early 80's. I've had several Nintendo, Xbox, PlayStation consoles. This PS4 & it's D3 controller Rox! Idiots that say it has no games are just haters! It has almost 400 announced games which is insane for a console not even a year old. Tons of great games AAA, Indies, Muliplatform, console exclsuives like DCUO, Blacklight Retribution, War Thunder, Warframe, FF14 ARR, soon EverQuest Next etc, Apps, PS+ Free games that are AAA to Indie. The fact that it is the most powerful console by far & it went back to x86 to help devs multiplat for it & sick GDDR5 video RAM. Also this new update is exciting! The PS4 Eye. It is easy to see why PS4 is selling double+ the competiton.

PS3 did great imo! It was twice the price for a while & came out a year after 360, yet in the end it ousold 360 worldwide.

Because it is the best console. Why else? ^_^

Truth ;)

Also to the list of reasons why, last gen the 360 had a year headstart in the US, cheaper retail price and easier to develop for hardware. This helped MS build momentum very fast with zero competition and secure a lot of 3rd party support. This gen they have non of those advantages.

Secondly, Shareplay - playing games you do not own for free with friends.

Thirdly, ongoing exclusive content support - whilst Sony almost released an exclusive game every month in the last 2 years of the ps3, ms almost dropped all support bar a few games. That didn't help MS along with the other issues.

Last but not least, Sony has released more Exclusives including F2P, Indie and AAA than Ms has so far and in the first Qtr of next year, they are already looking at 2 big AAA releases. You also forgot they have recently released DC, Tlou, infamous first light, Samurai Warriors 4, Singstar, and soon will have Lbp3.