Not sure about the other points, but number 1 is definitely a false myth. In the entire history of video games, consoles never had the most powerful tech, not now, not ever. From the 1970s to the 1990s, consoles paled in comparison to arcade machines, which were often an entire generation ahead of consoles (besides maybe the Dreamcast). And from the 2000s to the mid-2010s, consoles have been weaker than PC for most of that period.
This is exactly true. Those who deny it are wrong. There is no magic formula that allows you to build a more powerful device with a much smaller form factor on a much lower budget.
That said, there have been some consoles that seem to be an exception to this rule, because they cost much more than consumers are usually willing to pay for a game console. For example the Neo Geo, and maybe even the Xbox 360 and PS3. But from an economic point of view, these were abominations.
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