Why do PS5 and Xbox sell their new consoles around the same time, is it something they agreed upon? What other examples of this are there in the world?
In: Other
Few reasons here.
1) To try to win the market. As has been stated by others, timing is everything. Xbox 360 is a good example. It was released about 1 year before PS3. Both had good followings but it seems to have won the popular vote. PS3 was a great console and (IMO) the better console but 360 had the player base and recognition built to hold the market. Sony won’t make that mistake again.
2) It’s expected by the consumers and the media. Game news loves the “console wars”. It brings them a lot of traffic, ad revenue and affiliate link traffic.
3) Game Developers. Where do you think a AAA studio is going to put their primary resources: old hardware running 1080p @ 30fps or new hardware running 4K @ 120fps. Of course, this is just an example but every new generation brings new features that will attract developers which in turn brings players to the next-gen console.
4) FOMO (this kinda ties in to the previous points) Brand loyalty. Many/most gamers are loyal to their chosen console producer. But, FOMO (fear of missing out) is real and Playstation fans started to jump ship when 360 was released a year before their chosen console and because of this, many Playstation loyalists jumped ship to play with the newest hardware and their friends who swapped over to Xbox.
There may be other reasons but they can all be summed up to the [same thing.](https://i.imgur.com/HGwrxrx.jpg).
Latest Answers