These trends are caused by the quality perception of their consoles. Xbox wasn't nearly as good as the PS2, so most gamers didn't think they were missing out on much. PS3 and X360 were comparable but neither of them were on the level of PS2 or PS1, PS3 had a terrible start and X360 a slow start. Xbox One wasn't as good as the PS4 which is universally considered better than the PS3. PS5 and Xbox Series should break this trend because for the first time, BOTH of them are highly desirable so far. Furthermore, Game Pass is a unique selling point that may appeal to a demographic outside the traditional gaming community, and also increase the percentage of multi console owners. VR has some potential too.
"So far, noting shows that this gen will deviate from the previous generations"
Demand for PS5 and Series consoles is much greater than PS4 and Xbox One. If this is considered "nothing", then what isn't?
If there is one concern to PS and/or Xbox eventually declining, it'd have to be PC. In the long run, PC may prove a bigger threat to console sales than either console is to the other, because it's virtually getting everything... games, accessibility, convenience, continued free online, and even portability. PC is just too appealing of a platform that you don't really need trends to recognize its potential to steal console gamers in very large numbers. It's kind of been happening for a while actually, I know a lot of console gamers who switched to PC ever since the start of the last generation.
Seems like that might haver been temporary as Sony expects profits to be down and software sales are way down for a system that already wasn't seeing great software sales
Its more likely that trend will decrease, not increase. COVID gave a temporary boost to the industry but that's waning and its likely going in the other direction due to high inflation and possible recession on the horizon (or worse, stagflation).
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Known as Smashchu in a former life