Core gamer spend will be naturally down. But we'll see what casual gamer spend looks like during the holidays. The economic realities of Europe aren't going to shift Sony to cut prices early. That's just a reality. Unless MAUs drop across Europe, Sony knows they're still just playing PS4 and they're more than happy for them to wait to get the PS5 next year for GTA6 or current gen exclusive EA FC.
For some reason some posters (I'd call them doomers) are so focused on this years sales rather than the bigger picture that Sony is focused on.
If Sony dropped the price of the PS5 by 100 dollars, that creates a 2 billion dollar hole where one didn't need to be (after selling 20 million units at that price).
And why are you focused on those numbers? Because you definitely don't care that those gamers are largely playing F2P games on PS4 or annual sports titles.