It IS possible, in general consoles start out costing a bit less than an equivalent PC but after a few years the price point comes down on PC components and you can build a gaming PC that outperforms a console for less than the cost of a console.
We’re about 4 years past the PS5 initial release and you can put together a PC that performs around the same as the 2020 PS5 for a bit less than the cost of a PS5.
Of course, if you calculate the costs over a few years PC wins every time. You have to pay a monthly subscription to actually get the benfit of a PS5, or an Xbox, so call that $80/year. If you bought a PS5 in 2020 you’d have paid $320 in PS+ subscriptions by now, add that to the cost of a PS5. That $500 PS5 is now a $820 PS5. And it’ll be a $900 PS5 in 2025.
But right this second you can get a PC that’s more or less on spec with a PS5 for maybe $100 or so more than the cost of a new PS5 even without factoring in the long term price of a PS5.
For example, here’s a pretty decent setup that’s similar in spec: [https://pcpartpicker.com/guide/xwv6Mp/entry-level-intel-gaming-build](https://pcpartpicker.com/guide/xwv6Mp/entry-level-intel-gaming-build)
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