People are poorer than they've ever been in decades
Free to Play games are thriving
For $15 a month on PS+ or Gamepass you get access to thousands of AAA releases
Nintendo is still clinging to their "ummm Nintendo is a PREMIUM QUALITY brand so we think our games should be full price for the entire life cycle of the system and we'll never do pricedrops on our consoles" strategy
And now they're RAISING prices. Imagine paying $80 for Mario Kart World in 2030.