imho, as indicated by
@Johnny Awesome and
@Remij who wants a console buys a console and who wants a PC will get one. I have some Playstation games on my PC and I wouldn't get a console to play them 'cos it requires you to make some extra space for a console -fine-, but also they are meant to be played on a TV although you can connect them to a monitor, but my monitor loses VRR over HDMI which is a no go-.
Console gaming has had some golden eras,
the most recent one being the X360-PS3-Wii generation, where consoles were super powerful and as always easy to plug and play, and not much seemed to be happening in the PC space, except for Crysis and physics, Games for Windows was a failure and Steam wasn't what it is nowadays.
Also consoles started to have a great social infrastructure, friends lists, chats, etc, and it was easy to make friends when playing a game. In that regard the only similar thing I had ever seen on PC, and it was my favourite place of the internet, was the MS Zone, which had lots of social features and it was ideal to play Age of Empires, and had "rooms" to play and chat with friends.
Quite a few of those friends I had on the X360 still are on my friends list in pc gamepass... and that would be impossible on a PC back then even if you used IIRC and whatnot.
When I had my first PC, in the late 90s, having a PC seemed like science fiction. I remember my best childhood friend who was a Sega and Playstation fan, so nervous and shaking when he watched my PC, 'cos it fascinated him and also because he was green with envy.
In addition, back then it might be a bit more complex to troubleshoot issues with a game on the PC, it's much easier nowadays. The ideal PC would have the easy plug and play options of a console, a la Steam Deck, but MS hasn't made a strong bet in that direction, which is a shame.
Finally, there is the social changes. Current kids are from the bit generation, which are computer savvy.