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PlayStation and Xbox continue to lose their competitive edge almost entirely due to a lack of exclusives. Okay, I’m lying there are more reasons but I posit that games are the primary reason players choose to play where they play. If games aren’t locked to consoles, players don’t need those consoles.
That’s good for players but bad for these console businesses, long-term. It’s the reason why you so commonly see that people have a <console/PC> and a switch. Players still need the switch
For context: I was very young around the NES & SNES era, but a lot of kids back then went to play at other kids’ houses. Not every household had one, but one of my friends would and I’d want to go play at their house because they had one. In this way, 30 million NES’ could reach far more million people (kids), leading to modern nostalgia.
Personally, my grandpa had a NES and I ALWAYS wanted to go to his house to play Duck Hunt.