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Valve is about to win the console generation
(xeiaso.net)
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Fair. I am not sure what that means but probably: Valve PC Sales > Each Separate Console Sale
Yea, that's unlikely but not impossible.
Definitely not impossible. I also think they have a decent chance of killing the Xbox business model, given that there's no real reason to buy an Xbox over a PC other than brand loyalty or wanting a console. The Steam Machine fills that second need, of course.