They aren't competing with Steam. The console market is a closed cabal where console makers sell the machine at a loss and make up for it with locked down softw

They aren't competing with Steam. The console market is a closed cabal where console makers sell the machine at a loss and make up for it with locked down software where publishers pay a significant proportion of the sales to the console maker, who controls supply and dealflow with private contracts. They might lose, but it's nothing like PC.