IKR. PS4 wifi was severely skimmed on. No 5Ghz no AC standard, and the chip on the board is considered the worst they could actually use.
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Yeah it's dumb. You really can't blame them too much since the wired connection can get around ~400 down and 50/50 wireless (I'm fortunate enough to have fiber through google fiber) and those speeds exceed most averages, but it is extremely short sighted.