Definitely,This is all a big gift to Sony. GT6 comes out next year. There will be millions of people who will want to play it but down't own a console. Guess what 80% of them will buy?
I forget how the YTer put it at the end of the video, but he something along the lines that Xbox's priority was making games, and great hardware. They were content with selling the console at loss because they'd make it up with game sales.
Now, they're not just competing against Sony, but other divisions, they have to make 30% profit margins, or cuts will be made, so short term gains are being accomplished at the cost of long term goals.
As I said, what incentive is there for the game playing public to buy the next xbox console (if you want to call it that), when you can just buy a PS5 (or PS6), get a better game library and still have access to xbox game content.