I’ve seen mini PCs (Shared link to one in other comments) which are around the same price range as an Xbox Series S now. Maybe at one point it was a benefit but now there are good quality mid-range options for people getting into PC gaming (or who want a nice living room setup to play their casual games from steam on the big screen).

Plus the fact that all consoles have subscription costs associated with them means that they ultimately cost slightly more in the long run.