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Sky Render said:
The Wii's maximum lifespan at this point is actually 15-20 years. It will remain high as long as no same-value competition exists. The longer it takes for same-value competitors to emerge, the longer it will live. This is not speculation or prediction, this is history: products catering to values which are not effectively catered to by any other products have extremely long lifespans simply because they have no competition for what they do.

Some call it monopoly, some call it Blue Ocean Strategy, but what it ultimately boils down to is that people will continue to buy a product which suits their values until a better option comes along. And even then, as long as the same-value competitor did not emerge before the original product gained mainstream appeal, the lifespan of the original product will remain high due to the fact that it was the first option to become well-known.

All that said, once a same-value competitor emerges which does things better than the Wii, its lifespan will drop. By how much depends greatly on 1.) when that competition emerges, 2.) how effective it is at catering to the same values as the Wii, and 3.) how well Nintendo responds to the threat.

So Wii will have a life span of 15-20 years assuming no significant competition emerges in almost 2 decades , Pretty weak don't you think ?