If its a permanent global price drop, then Id assume its because of the Switch2 incoming. And the leaks of it coming in 2024. And not something to do with Xbox. Although Sony might find themselves in a situation where both Xbox and Nintendo have cheaper consoles than what they got, and Xbox having a huge library of game pass games and the added value that comes with that. They migjht have to adjust the price of the PS5 because of that, a Switch 2 that beats the PS5 on price and then Xbox with Series S + game pass.