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The general perception is that the PlayStation is more powerful than the Xbox One. Hardware-wise, they're not that different, but Metal Gear Solid V: Ground Zeroes developer Kojima says his game will look better on PS4. And there's been a lot of argument around games like Call of Duty: Ghosts that run natively in 1080p on PS4 vs. 720p on Xbox One. Of course, the Xbox can run games in 1080p and 60fps, but with multiple titles coming in with lower native resolution on Xbox, Microsoft's machine has been publicly perceived as less powerful. We saw with the original Wii that more powerful hardware doesn't necessarily affect sales negatively--but Nintendo also had an amazing slate of exclusive first-party games for their system (like Super Mario Galaxy, Wii Sports, and Mario Kart Wii). But when the experiences and games are almost identical like on Xbox One and PS4, people will gravitate to what seems like the better system for the money.
It seemed like the PS3 attracted older millenials and younger Gen-Xers while 360 was mostly owned by young millenials and today's tweens and teens.
Basically, those with more disposable income (not living at mom and dad's house) gravitated towards Playstation, based on the people I know. Because of this, I think it's easier for them to switch consoles. A 15 year old with a library full of games for Xbox 360 would have a difficult time convincing their parents why they need a new system.
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