They are overpriced if you dont only consider the number value but also consider how much disposable income people have. Disposable income these days is in the negatives.

Article title is click bait. They are not referring to the starting price, but the fact that more recent consoles don't drop in price within a year or two like the older ones did.

Also, I disagree with the premise because modern consoles tend to start at a lower relative price which could mean they are more accurately guessing the market value up front or maybe the older ones were priced to gather as much income as fast as possible on the original release and the cost drop was to get rid of excess stock.