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Valve is in a very unique position here. They’re clearly not making very much money on the Deck itself, and that’s okay, because they both got an endless library of games behind them, and on top of that, they’re actively putting money back into the ecosystem of developers, to further utilize what people already have. Historically, that’s never been the case with any console, let alone a handheld, because every one of them either had bespoke architecture, or only ran software that was specifically designed for that machine
It’s like gamers grew tired of filling their storage with last generations games (maybe not last, but definitely 2 generations prior) media because we were told they wouldn’t run on the next system.
Xbox S has actually brought me back to console gaming a bit because 1) my Internet is shit, and 2) I don’t have to buy it rent physical media (2.5 I can play the games on my laptop as well, but I rarely use it since I’ve gotten the deck).
Valve, and to a lesser extent their deck, has filled that (niche is too small of a word) void nearly perfectly, valve and emulation has brought a dump truck and back hoe to the big 3’s garden party.