No. We could see a crash for consoles and some software that is much bigger than the North American Gaming Crash of 1983. In terms of its impact on the whole world that is. The Crash of 1983 was almost exclusively a net negative for the time for North America, not Japan, Europe, and others.
$900 and up for consoles is untenable. Shoot, I would say $700 and up for PS6 is untenable especially if it's out by 2028-2029.
Depending on how severe price hikes get, Switch 2 might not even hit 100 million units. But we'll have to wait and see.
Console gaming is on the brink for the first time in over 40 years.

Lot of people ain't gonna bother honestly. Look how S2 sales died off in Japan after the price rise (though it is NintendoLand so it's probably only temporary and will at least come back to a decent baseline) when that was the only country that was actually providing really strong sales for the system, and S2 sales are gonna suffer bad in the pretty mediocre market around the rest of the world once the global price raise goes into effect in a couple months.

Far worse look at PS5 sales now. PS5 looked like it was def gonna beat PS4 sales, now hardly anybody wants to pay the absurd prices and sales have plummeted dramatically. PS5 sales this year look like what you'd expect from an Xbox system lol. PS5 sales this year are probably gonna end up being what you would expect for the year the system gets replaced, not 2-3 years before replacement! We'll have to what effect GTA has and what their holidays are like, but at the moment it feels like they might not even hit 10M for the whole year even with the biggest game launch of all time coming!

I balked at the high S2 prices. No way I'm paying $450 for a video game system, nor $70 for games. And with the home consoles wayyy more expensive, yeah the costs are just a complete joke and there's plenty of people who will skip it.

S2's horrible pricing led me to skip this gen and stick with the Switch1 and to start buying games on Steam. Between those two I can get my hands on more games than I could ever want to play, and no need to follow the price jacking to hell that all three hardware makers are into these days.

Yeah that's a good point. Switch 2 is already struggling to put up big sales most months after the record breaking launch a year ago fizzled out. With the price raises the one place that was keeping them afloat has joined the mediocre sales of the rest of the world. And once the new prices hit around the rest of the world the sales everywhere else are gonna go from mediocre to poor. At this point I very much would not be surprised if the Switch 2 doesn't hit 100M despite having 20M sold after just 12 months. And PS5 may very well only top out at 110M.

Next year is gonna be very bleak for console sales. Xbox sales are gonna be

Google Annoucnes Stadia II! Electric Boogaloo edition!

There are plenty of gamers to sell to, they just need to decide who to target, and they need to offer consumers what they want and/or can afford.
A PS4 launch mentality is what's needed at the moment, not a PS3 launch mentality.

For MS:
- They need to drop the Series ecosystem and move on to Helix period. What they decide to do with Helix exactly is anyone's guess.

For Nin:
- Launch a more affordable SW2 Lite sooner than later.
- Launch an even more affordable SW2 Home console.

For SNY:
- They launch PS5 SS and Pro Slim asap, reducing prices, while hoping chip prices stabilize/fall by 2030 so they can launch PS6.
- They launch PS6 holiday 2027 as planned, but have a $500 or cheaper base model, whatever that performance ends up being.
- They launch a brand new $500 or cheaper (5TF?) PS5 model asap and extend the gen until 2030 or longer. Probably longer.

Truly anything can happen. Xbox Series X/S had a pretty strong start, fell a lot, and then fell massively. Wii had an absolutely massive 3 plus years coming off of GameCube but by the end it couldn't even outsell PS1 (it came close). 

Switch 2 still has a good shot to outsell Wii and PS1, but it's looking like an uphill battle now for it to beat PS4 and GB+GBC. Not pie in the sky, but tough.

Fully expecting PS6 and next Xbox to be 1k (if not more), I don't see how there can be mass appeal for systems that cost that much. PS6 will easily be Sony's worst selling console, thanks to high prices and killing off physical games.

Console gaming is dead for me after 2028.

Considering we're looking down the business end of the double barrels of $1000+ hardware as well as the impending demise of physical media despite continued strong demand, I could easily see a massive contraction in the console market next generation. Probably nothing like the Crash of '83 where from 1983 to 1985 the console market in North America declined 97% in terms of revenue, but many people being priced out out owning a next-gen console and many others likely boycotting because the option to own physical copies was taken away from them will likely leave the console market, at least for conventional consoles, ending up as much more niche hobby for people with deeper pockets who don't care about owning games. I could even see a lot of people go "Why spend that on a console that doesn't support physical when I can just get a PC that's at least not a walled garden?"

We've already seen what happens when consoles are overpriced. The Neo-Geo cost $400 at launch, or over $1080 in today's money, and, along with $100+ games ($250+ in today's money), it was relegated to a niche platform. The Saturn also cost $400 at launch, or $880 in today's money, and was dead on arrival in the face of cheaper alternatives like the PS1 and N64. But even the PS1 wasn't exactly cheap at launch, ($300, or $656 in today's money), and being an unproven brand at that point it languished with slow sales until the price dropped to half its original price. The PS3 cost $500 or $600 at launch ($832 or $998 in current dollars) depending on the SKU, and it cost them a lot of sales, losing massive market share to Xbox (which to be fair wasn't exactly cheap at launch, either). I'd argue that the only thing keeping the PS3 alive was PlayStation being an established brand with quite a bit of brand loyalty and the fact that Sony worked quick to try to get the PS3 down to something reasonable (a $400 40GB SKU was introduced just a year after launch, putting the PS3 exactly between the 360 Pro and 360 Elite in price). And while the PS5 and Series X had relatively reasonable launch prices, continued price hikes have resulted in them being the most expensive systems ever at this point in their life cycle even after adjusting for inflation, which is harming sales significantly. The whole point of price cuts is to lower the barrier of entry for those unwilling or unable to buy the system at launch. Now thanks to a combination of the orange pedo's tariffs, yet another war in the Persian Gulf, and Plagiarism Bot 3000..., excuse me, "A.I.," there have been tremendous inflationary pressures on computer hardware components, resulting in this being not only the first generation to not have any price cuts, but the first to have price hikes.

Nintendo may continue to thrive longer if they can avoid the same pitfalls PS & Xbox are falling into. If the Switch 3 costs something outrageous and is also a digital-only device, I can see them experiencing a contraction in sales as well.

This is not a good time for the video game industry. Except for the Switch's massive success, this decade has been plagued by problems. PS5 & Series X shortages early on. Massive hardware price hikes. Now Sony basically telling their customers to either forgo physical games or do without, and MS is likely to follow suit.

Goddamn, I hate this fucking decade. Aside from a few shows, movies, and games I really liked, it's really been one non-stop parade of misery. COVID, Trump getting re-elected, Silicon Valley trying to institute neo-feudalism, losing my job, medical bills piling up after an incident this past December, even a damn hurricane hitting my area for the first time in recorded history, and now the companies behind my hobby of 40+ years are basically telling people like me to fuck off.

Wrong topic sorry

I think Consoles die, at over 700$. At that point, you are not breaking 100m consoles sold.

Like a 800$ PS6, is gonna sell maybe ~60m tops, imo.
If Xbox does a 1300$ Xbox Helix, next gen from Xbox, you will be lucky to see it break 10m.

PlayStation and Xbox need a wakeup call.
Someone needs to go smack some sense into them.

This ever higher performance levels, at higher prices to deliver that... is not gonna work.
I would rather PS6 be like ~10-15% better than the PS5, but KEEP it's current price.... and cross gen titles just being a thing all gen... than them doing a real big jump in hardware that then ends up costing too much for consumers to mass adapt.