This is my understanding as well. A big part of this was the HD-DVD v Bluray war around that time - Sony winning with Bluray would be worth millions of dollars more, so they were willing to take a loss to get a Bluray player in each person's home.
I bought my first XBox because the XBox One Series S was at one time one of the very best 4k Blu-ray players on the market at any price and also one of the less expensive ones. The fact it could also play games was merely a bonus to me at the time.
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This is my understanding as well. A big part of this was the HD-DVD v Bluray war around that time - Sony winning with Bluray would be worth millions of dollars more, so they were willing to take a loss to get a Bluray player in each person's home.
I bought my first XBox because the XBox One Series S was at one time one of the very best 4k Blu-ray players on the market at any price and also one of the less expensive ones. The fact it could also play games was merely a bonus to me at the time.