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Chips aren’t improving like they used to, and it’s killing game console price cuts
(arstechnica.com)
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I think the Raspberry Pi 4 -> Pi 5 is a very clear demonstration of this.
The power requirements went way up, and therefore the needed cooling, after years of the 1->2->3->4 being pretty similar. And most importantly, the prices for those were similar (35 USD MSRP I think, or usually around 60 USD here). The new one is much more expensive than that and that hasn’t gone down without controversy.
Maybe consoles are more visible to most people but the different versions of Pis are much more apples to apples and are designed to be drop-in upgrades.
I think I’ll still be using Pi 4s for a long time personally.