https://www.polygon.com/2018/9/26/17905770/fortnite-cross-pl...
The console market only works if you sell the hardware under cost and then charge up the ass for services to the game developers ($50,000 was the price point for pushing updates on PS4)
PS3 didn't regain profitability until the end.
PS4 as well: https://www.quora.com/How-will-Sony-make-money-off-the-PS5-b...
Only Xbox seems to be sold at loss at the moment: https://www.thurrott.com/games/xbox/xbox-one/118357/microsof...
The current system is structured to be as profitable as possible for Sony, Microsoft, and Nintendo and to keep competitors out. These companies aren't good guys looking out for me and you, they are looking out for the interests of their shareholders.
If the $50k price for updates is true, that's awful. It sets up a lot of bad incentives for developers. Consumers deserve much better than that.