While true, same could be said about console gaming. The 6th generation the consoles offered much more exclusives, and more often then not 3rd party games never saw PC, like SSX, TimeSplitters etc. Nowadays you only need a PS or Nintendo if you want to play those AAA exclusives, which arent that much anymore compared to PS2 era. About 15 to 20 exclusives at the most over a period of 8 years isnt that staggering.
Also, with MS basicly being all in with PC gaming, as much as Xbox gaming, PC will see much more console AAA exclusives like Halo Infinite which is being designed with PC in mind. AMD offering more and more competition, and Intel entering the GPU market will reduce hardware prices overall.
True you can buy a pc now to play console ports. Whereas before you couldn't because they didn't port console games to pc. But why do that when you can spend considerably less to play them on console and the games are made for console in the first place. There's just less of a reason to pc game.
YOu're not getting the unique exclusives on pc like you used to. MS isn't all-in on pcgaming. They are all-in on the Xbox. They always say things like they are "all-in" in pcgaming and have been saying that since the Xbox first came out. But they aren't. IF they were all-in they wouldn't have an Xbox. Halo Infinite being designed with pc in my mind just means it is going to be ported to pc day 1 and not just a console exclusive.
And I have to say the graphical upgrade on pc isn't what it was either. Graphics are becoming good enough. The leap isn't what it was every gen. The generations take longer. And then yet graphics cards are costing more than ever. Less of a reason pc game. And then my tv looks better than my monitor. Color is a lot better. That favors console as well.
I'm a pcgamer, and yes I've seen the pcgaming dying diatribes for over a decade now. But I don't think the analyst is saying it will be dead in 2 years. He's just saying he thinks console gaming is going convert a bunch pc gamers over (particularly those buying lower end machines) because of specific changes that are happening.
I will say one thing pcs have that isn't talked much is portability. I don't believe in using a laptop for pcgaming. But lots do. And I don't think the analyst factored that in his report. The ability to play your game in any room or outside the home on a laptop is attractive to some. Not sure what the market is for that, but a lot more laptops are sold nowadays than desktops.