I was seriously considering getting a PS5 until I saw the costs of the games + hardware.
Your last line reminds me of AMD Vs Intel battle. AMD was cheaper and better value for a lot of years till they were lagging behind Intel on performance. But the moment they attained parity with Intel with their Zen CPUs, they also started pricing their CPUs higher than Intel and also completely abandoned the low end market. Intel’s cheapest 12th gen CPU is currently more than 20% cheaper than AMDs cheapest Ryzen 5000 series CPU here in India.