It feels like kind of a foreign concept these days, but there used to be a period in the gaming industry when consoles would reduce in price the longer they sat on store shelves. Consoles would be released at a premium on launch, and then lower in price rather drastically a few years in to get more people on board, and console manufacturers would just eat the cost.
Those days seem to be long gone, thanks to memory shortages and other factors forcing companies like PlayStation, Valve, and Xbox to jack up the price of their consoles to the point in which an Xbox Series X will now cost you 50 percent more now than it did at launch. It's caused console sales to drop dramatically, and former Sony president Shawn Layden believes it's this reason why the PS5 will never be able to recreate the same success that it had with the PS2.
This comes from Layden in a recent interview with the PSI Podcast (thanks GamesRadar), in which the former Sony chief discussed the state of PlayStation right now and how it compares to the days of the PS2. For example, he talks about some of...
