I think consoles still make sense for their simplicity and convenience, there's a substancial demographic that just want a device they can turn on and game right away. They don't want the small annoyances that come with PC gaming (windows updates, proton compatibility, configuring graphics settings on a newly installed games, setting up gamepads, troubleshooting game issues, etc), and I'm not trying to exaggerate these annoyances to make them seem insurmountable, just saying that no matter how small the issue is, it's friction that users don't want. As long as that demographic exists, there will be consoles.