Sony and Microsoft Take Low-Key Approach to New Console Models as Game Industry Shifts Focus from Hardware to Services

New console models like the PS5 Slim are now unveiled quietly, unlike the major events of the past.

The PS5 hasn't had many big exclusive games so far, reducing the appeal of a new model.

Live service and annual games are more relevant now, so new hardware feels less important.

Cloud gaming reduces the role of powerful hardware that can't be customized.

Sony and Microsoft seem less concerned with technical one-upmanship in this generation.