The real question is: Do we need games everywhere? The iPhone already has lots of ports of PC games and some decent mobile games, yet most people (I've seen outside) stay on YouTube and social media.
So what's left then? Streaming games to people with bad hardware but lots of desire to play games? If you ask me the people who can't afford the hardware, can't afford another monthly fee in their life either.
What's more surprising than Elder Scrolls 6 not happening this generation is Fallout 76 happening.
Edit: On the news that new releases may potentially become 70$ in the USA. A new copy of The Last of Us 2 in Bulgaria (Eastern Europe) costs 140 leva, when the average monthly salary in the capital is around 1200 leva after tax...
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