The days of steam having wild deals on newer stuff are over. IMO. It’s all more measured and regimented now. The sales are part of the whole business plan these days, and likely planned out from the start.

I’m sure there are exceptions, but I don’t get the impression that sales are as exciting these days. Everything has adapted to consumers expecting sales.

Are they anywhere near as big as steam sales are?

They are. Consoles also have big seasonal and holiday sales, a lot of big games can often be nabbed for $5 like Steam.

When I last had an Xbox many years ago they had decent sales, but not as frequent. Nintendo is the only one who never does sales.

It varies by publisher; some have parity, such as Control Ultimate Edition being $4 on both PS5 and Steam. But on average, Steam's prices are cheaper. Although piracy is where the true value lies...

I wouldn’t know this from personal experience. Nothing compares to a pc for me.

But according to ltt it is comparable and having done a quick search online for current deals.

Fallout 4 anniversary edition has the same full price on both platforms but ps has a discount making it cheaper atm.

One of em Call of duties (cold war) has a much cheaper full price on steam but the current ps discount makes it almost half of steam’s current offer.

I doubt the comparisons are fair because sony is definitely looking at current steam prices to respond with their own deals. But technically steam is not always cheaper.

Of course if you look at little past the steam platform and recognise that it’s a full fledged pc able to obtain games from many different types of sources there is only one clear winner.