Power is everything. If it wasn't, Neo and Scorpio wouldn't exist. Sony and especially Microsoft want their consoles to match high end PC's so they definitely need to be powerful. Personally, I still believe that Neo is due to PSVR (and yes, JareBear will disagree with me on this forever) and Scorpio is due to Microsoft wanting to have a "do over" for this generation. It's all about the power. It's the power and increased specs that will give you better resolution, frame rates, 4K, etc. Consoles can't go lower and still give that to consumers.
Price wise, im still sticking with base PS4 dropping to $300 and Neo being $400 for the 500GB. Sony would be stupid to go higher than that even though I do see them releasing a 2TB GT Sport bundle for $500. The base PS4 was $400 and three years later, consoles get cheaper, not a new more expensive model. Scorpio is rumored to be $600 or higher. I believe the extra year will allow Microsoft to lower the price and launch it at $400. Microsoft will take the loss on the console in order to get it into gamers households.
Console manufacturers rarely if ever make money on the consoles. They make the majority of their money on software and subscriptions but you can only do that if you get people to purchase the console. Making the console cheaper than expected is how they accomplish that goal. It's all about getting the console in the consumer's household first and foremost because if you can't accomplish that, nothing else matters.
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