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Not all content owned by Sony or Microsoft ends up on Steam.

This is where consoles remain relevant.

Pretty much the sole game worth buying a Sony console for (Bloodborne) is playable from end-to-end with PC emulation, even on Steam Deck: https://youtu.be/ItnC4GnHfa0

Especially for Sony, there simply aren't any worthwhile exclusive titles they're putting out. The good/big releases get published on PC now, and the obscure/fandom related stuff like Persona and Senran Kagura bled out of Sony platforms almost immediately. That leaves a small handful of games that can mostly be emulated on PC platforms. Unless your name is "Nintendo", you do not have the publishing power to make a console attractive to wealthy PC owners. Sony literally does not have titles with the same draw, anymore.

Lots of games still come out broken on PC to the point where it’s a worse experience, like UE4 games having shader compilation stutter.

That's true, but also fixable. On Steam Deck it doesn't even occur, because you precompile all shaders during the DXVK translation process. It's really a DirectX problem, for the most part.

Sony pretty much lived on two titles IIRC: Final Fantasy and Gran Turismo.

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