Not sure if that’s true. To run modern vst’s you need a good computer, then you need your software, then you have all these different effects, sample packs, vst’s etc. dangled in front of you!
Then the software company might upsell with a cheapo plastic controller to give you the hardware experience. On top of that they will update the software charging you an upgrade fee and stop supporting the version you paid for, often with bugs that will never be fixed.
Your software is also vulnerable to upgrades in os’s. Where as if you bought a moog for example in 1980 it may still work and in fact be worth a lot more than you paid for it!
There is a glut of hardware but there is way more software as there is less expense and risk in producing it.
Hardware is demonstrated at shows like namm, software can be demonstrared via a restricted demo!
It’s easier to impulse buy software than it is hardware, as those with Steam accounts with unplayed software would testify too!
That’s why the majority of black friday deals are software, you buy it thinking it’s a deal but how much use do you get out of it. Especially if it’s a sample pack, i almost feel dirty using them, it’s like cheating.
Where as hardware is there, it is visible, tangible and if you don’t get on it has a resale value!