The hardcore gamers on this site may want to deny it but the value prop of home consoles for the casual gamer is shrinking dramatically. When you think about it from a practical perspective, people are upgrading their pocket computers (cell phones) every 2-3 years. With the volumes and market dynamics of those devices you are already seeing graphics that are fairly close to last gen home consoles in quality. Now that this console generation is set, there is a good chance that in a few years cell phones will rival the PS4 in graphic fidelity. Why buy another expensive computer (home console) just to game? Add in the near infinite number of free to play games on phones and the costs of owning a home console are just not worth it unless you are really into the hobby.
I feel for Japanese game publishers. The PS4 is a huge success worldwide and yet the PS4 has sold something like 1 million units in Japan I believe. You would have to be nuts to spend $50M+ on a home console game if you are a Japanese gaming publisher. The Japanese consumer has spoken and the Japanese publishers are simply following consumers to where the money is.
I feel for Japanese game publishers. The PS4 is a huge success worldwide and yet the PS4 has sold something like 1 million units in Japan I believe. You would have to be nuts to spend $50M+ on a home console game if you are a Japanese gaming publisher. The Japanese consumer has spoken and the Japanese publishers are simply following consumers to where the money is.