Seems in line with what you would expect at the end of the console generation.
I would agree if Scarlett were releasing this year. Since it's releasing next year, Microsoft is mostly out of the console business until late 2020. Sony kind of made the same mistake though. PS4 sales are plummeting.
This is why I originally thought both Microsoft and Sony would release their next consoles this year. That is the smartest strategy. Instead they are just letting Switch dominate the marketplace for all of 2019 and 2020.