I have friends in high places..

(j/k)
Every analysis points to this. I have no reason to doubt that will be the case.
i still can’t believe folks are still believing that the next gen consoles will only have 16GB! Guys that is ridiculous. In fact, I promise if either system only had 16GB, devs would riot against. It will literally be suicide for either company to do that.
I would love know what analysis you are referring to pointing to a next console designed to last through to 2025 and beyond to only have 4 more GB than a console released in 2017! Does that really make sense to anyone? While Sony not Microsoft have confirmed anything, most credible leaks that already has been proven to have some credible information has pointed to at least 24GB. You have no reason not to believe that will be the case? I’ll give you some.
Ok I keep saying this so real quick let’s recap: for the past 40 years almost, what has been the #1 requested hardware feature for video game developers working on a console? No not better CPUs, not better GPUs...It’s more memory! Every generation, the polls conducted by the console manufacturer say the same thing...the primary bottleneck that they run into by the end of a console generation is lack of RAM. Having sizeable RAM is the single most important feature to ensure the longevity of a console! This isn’t new guys, this has been the story for generations.
Again, if we look at the history of PlayStation specifically, EVERY SINGLE PLAYSTATION CONSOLE HAD SEEN A 16X INCREASE IN RAM from one generation to the next:
PS1 to PS2 = 2MB to 32MB (16X)
PS2 to PS3 = 32MB to 512MB (16X)
PS3 to PS4 = 512 MB to 8GB (16X)
Remember how Sony was initially targeting only 4GB for PS4 to which developers cried foul and they increased it at the last moment. Clearly that was a critical move that contributed to the success of the PS4 and people acted like they did something so unprecedented but all they did was make sure they kept the precedence established in the past.
So no, PS5 will not have 8GB x 16 = 128GB as that is clearly not feasible and would be excessive given the current standards. But I’ve said that 24GB, which is only a Measly 3x increase over current gen in and of itself, is the absolute minimum. Anything less and devs would be enraged and it will be commercial suicide. Again the Xbox One X already has 12GB. Most midrange laptops come with 16GB today. There is no way a console pushing cutting edge tech like 7nm Zen2, SSD,Ray-Tracing etc designed to last 5-7 years will be viable to support that business model with only 16GB (only a 2x increase from consoles released 7 years earlier!). That’s makes no sense.
I really want to know why folks insist on holding onto to the idea of 16GB in next gen? Even to go so far as to reject the rumors or leaks pointing to 24GB or higher. It contradicts every previous console generation, it contradicts all the leaks for the most part so far, and it defies all logic. Really why?