They got off to a great start with the PS5, but as their lead grew over their only real direct competitor, they became a good example of the problems with monopolies all over again.
This is straight up back to PS3 launch all over again, as if they learned nothing.
Right on the tail end of a horribly mismanaged PSVR 2 launch.
We still barely have any current gen only games, and a $700 price point is insane for such a small library to actually make use of it.