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I think that the actual gaming market will remain mostly the same. The Wii really inflated gen 7's numbers. And the PS2 inflated a little bit of gen 6 numbers as well.
But the 80 million each of the PS360 aren't going anywhere. I have a hard time believing that 150-160 million people just ditched consoles to play Flappy Bird on their smartphones/tablets, which are totally killing videogames.