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Chips aren’t improving like they used to, and it’s killing game console price cuts
(arstechnica.com)
This is a most excellent place for technology news and articles.
The consoles unless you root or jailbreak them are too restrictive anyway. For older games you can just use an emulator on your PC or mobile.
That's why I play using a PC and not a console. Though PC components have also been overpriced for years.
No, it turns out that lying to the consumer about old tech is profitable.