"As you'll recall, last November was the first that PS5 and Xbox Series saw nearly full available supply. The pent-up demand that had been in place since these consoles launched finally started being met last year, and basically every unit that found its way to market sold. PlayStation 5 unit sales in November 2023, for example, are more than double the amount seen in November 2021. So on a year-on-year basis sure, it doesn't look great. But pulling the lens back a bit, we're still up against the comp issue. But instead of seeing huge growth because we were comparing to a supply constrained market (like we saw last year), we're seeing the reverse now, where we are comparing to a period of elevated supply and existing demand getting satiated. This comp issue is going to be a challenge in December as well and will finally start settling out in January. Tl;dr - it's (probably) not as bad as it looks."