"Overall, though, you can see a clear and significant downward trend to the year-over-year pricing for game consoles released before 2016. After three years on the market, the median game console during this period cost less than half as much (on an inflation-adjusted basis) as it did at launch. Consoles that stuck around on the market long enough could expect further slow price erosion over time,"
"That kind of extreme price-cutting is a distant memory for today's game consoles. By year three, the median console currently on the market costs about 85 percent of its real launch price, thanks to the effects of inflation. By year five, that median launch price ratio for modern consoles actually increases to 92 percent, thanks to the nominal price increases that many consoles have seen in their fourth or fifth years on the market."
Pre-2016 consoles showed strong real price declines: median systems cost less than half of launch price after three years, about 43% at year five, and roughly 33% by year eight. Modern consoles show much slower real price erosion: the median current console costs about 85% of its inflation-adjusted launch price by year three and rises to about 92% by year five due to nominal price increases in later years. The eight-year-old Nintendo Switch sells for about 86% of its inflation-adjusted launch price, substantially above earlier trends. Historically high launch prices often fell rapidly to comparable levels within three years.
Read at Ars Technica
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