People haven’t lost interest in gaming. The entire global economy has gone to crap. People dont have the disposable income they used to have, and food, gas, and utilities are more important to buy than video games.

Many people have moved to PC gaming because they already have a PC and Steam and GOG have very affordable games and vast libraries to choose from that isn’t available on console, most of which are unlikely to have performance problems on their device. PC also has the most discount sale events for games, I am pretty sure.

If they could actually afford it, gaming spending would be higher, especially on walled garden consoles. Guaranteed.