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When you think about all the biggest games that have dominated in the last few years - Battlefield, Assassin's Creed, FIFA, Call of Duty, Need for Speed - all those games have released on next gen consoles. I know those games probably don't appeal to EoFF that much but they do to the broader demographic. Those are the games that sell systems, more than any exclusive that either Microsoft or Sony has. And as I bring up in other threads, PS4 has had a free game on PlayStation Plus every month since launch, in addition to an already strong offering of high quality free to play titles. Again, those games might not be appealing to EoFF but they do make a very overall enticing platform for people like me and that's why the system has been sold out until only very recently.
For context, Microsoft isn't doing bad by any measure - they're outpacing the 360 launch year and are #2 every month. The only problem with not being #1 is that USA and UK are their biggest fans, they don't have the same global appeal as Sony or Nintendo. So they can't afford to fall behind in those markets or they'll have a very mediocre worldwide presence. That said, those are very big markets and they likely will continue to do very well there.
I also wouldn't worry about PC harming them too much. I know the year I played Call of Duty on Steam, the daily player count was approximately 1% of what it is on PSN, much less Xbox Live. There are a few PC centric franchises that do well on there but it's still very niche.
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