Console failure rates

[Paddi01]

How reliable has this console generation been compared to last gen (PS3/360) when it comes to failure rates?

The PS4 is an extremely reliable console, at least in my experience.

 

What are your thoughts about this?

[PlayStation 2]

Both the PS4 and the Xbox One have been largely reliable. Microsoft didn’t want to take chances with the cooling on the Xbox One, so they went rather liberal on how it’s cooled, while the PS4 was just better at thermals than the PS3. 

The unreliability of the earlier Xbox 360s and PS3s can be chalked up to a couple of factors: unfamiliar manufacturing of high end, high power chips and relatively mediocre cooling.