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nightsurge said:

 

So basically the generation can end based on the market, the consumers,lack of popularity/dated hardware, and the corporations behind the consoles making a new one, but you yourself only believe one changes when all the next consoles have been released.

The market is the consumers.  The reason these companies MAKE new consoles is because the market (consumers) aren't there. Popularity directly ties into the market and consumers interests and dated hardware is a big reason why these consoles lose popularity.   None of these are defined for counting when a generation ends or begins.  

They all play a factor in why a company stops making a console, which factors into why a company makes a new console. When all companies make that new console the generation ends. 

 

At the same time, generations are not a definitive thing and we only use them to make comparisons easier, thus "generations" don't really stand for anything and have any amount of vague terms, so Sony wins nothing and dominates nothing.

 

Generations aren't some definitive, set, framed thing. They are only tried to be made so by (people like us) who are discussing things pertaining to them. If I had to pin down what factors decide when a new generation begins?  When all companies who plan on making a console have made a console.