You can’t compare current generations to previous because starting with the PS3/Xbox 360 the generations became artificially extended.

With no no new impending hardware, there’s no impetus to reduce prices and clear stock.

The OG Xbox 360 launched with a 20 GB hard drive (2005). That got a price cut when the 60 GB version was announced (2008) and that coincided with the much more expensive “Elite” with 120 GB. Similarly that had a price cut when the 250 GB version came out in 2009.

…wikipedia.org/…/List_of_Xbox_360_retail_configur…

We aren’t currently seeing models be replaced like this.