If consoles get closer to 1k they will kill their own industry.
Most players are casual players and I very much doubt the majority can afford to spend that sort of money on a console.
Games are expensive, they take a long time to develop, consoles are getting expensive. It’s a far cry from the high point of the PS2 era IMO.
There’s still some good games out there but they need to make them more accessible not make them less so.
To be honest given Sony are now offering more games on PC I think that’s the way to play lots of them moving forwards.
I wouldn't be surprised if people start buying things on monthly payments like mobile phones etc.
It's somehow acceptable to spend over a grand on a phone but the idea of spending £700 on a console has people frothing.