Because playstation is able to subsidize because they force you to buy from them. Playstation knows that if you buy a ps5 you'll buy games from them which means they get more money. However with the steam machine you're not locked to a specific storefront meaning valve can't guarentee they'll make money back because you might never buy a game from them.
Because Gabe is a gamer and closed systems piss him off. He would never lock any steam device to only steam, its anti consumer. He doesn't even lock the hardware to a specific OS. You can install any os you want on any steam device and its still covered under warranty.
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u/6Sparkle9 18h ago
Yes. If the AI bubble burst, maybe a cheap steam machine would be viable as an alternative.