This forgets that the Xbox is mostly an American and somewhat a UK brand, while Playstation is global. Even if somehow it sold equally with the PS5 in those two territories, Playstation dominates the rest of the planet. There is no chance.
Eh I don't think it will do better. At least not at first. They have a lot of studios but it will be some time before we see any fruit of their labor. Right now it's launching after a dud of a generation and how you performed last generation effects how you go into a new one. It's part of the reason PS4 did so well. Gamers who didn't have a PS3 saw the huge output of games Sony was releasing in 2013 while the 360 was barren for quite a few years before that if you don't count Kinect games.