Consoles
Console 1st party games are high quality and are often innovative (Super Mario Galaxy, Shadow of the Colossus,)
Tend to get better perks, like exclusive pre-order bonuses (MGS V collector's edition, Witcher 3 inserts, extra content)
Mainstream games tend to sell better on consoles, ensuring further support for the game
Pick up and play experience, playing on TV, using a controller - all better on console
Don't have to worry about compatibility, drivers, etc. Most games are well optimized from the get-go.
You do have to pay for online multiplayer, but you still get cool perks like games, special discounts, exclusive offers
Can buy and sell used games.
Having a physical games collection.
No DRM platform that you need to run things by
PC
Better graphics and performance, but at a price
Have to constantly update drivers
Most developers don't make best use of the more powerful hardware
Most of the really popular games are MMOs, strategy games, and valve games (which ironically don't require a big rig)
Invented free to play, micro-transaction business model
Online play is free, but matchmaking can be very tedious
Playing on a monitor with a keyboard and mouse
Most games require you to install a DRM platform
Games frequently go on sale, but that doesn't necessarily make it cheaper than console since you can't resell
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Those are my summations. What about you, SW? How do you view the console vs PC debate?
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