I have to say currently Sony. They are looking like Sega which they bumped out of the market. For the past four years they have been bleeding billions of dollars, this last year alone they lost about $6 billion as a whole company. Plus they are going into a period that gave Nintendo it first loss in decades, with the R&D of not only the Vita but the PS4 sapping away at it's only profitable division it will just get worse this next year. Weather or not they fold is up entirely to the new management but I don't see Sony's profits improving anytime soon. (This may be one of the reason why the advertising for the Vita is next to non-existent.)
I see Nintendo as the only who may stay in the console business because it will more than likely go back to niche, market it was once before and Nintendo has shown it can stay profitable. (The GameCube was profitable itself right out of the gate, I think they made like $10 each machine sold, though they wouldn't of been as profitable without their handhelds.)
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