What makes a console "next-gen"...?

[RobDX]

I think that you also have to consider the price, which I see no one mentions.

I think someone can release a console today with let's say NES specs, but they launch it at let's say $5 the console and $1 the games. What keeps it away from being a success? It could even sell more than the big 3 consoles if this ones turn out to be too expensive for what they offer, and what if it does? will it still be considered 3rd gen because it has NES specs but ends up selling more?

Jay520 said:

A console is current gen if it's relevant. If a console receives a competitive amount of games and/or is selling competitively, then it's current gen. Relevancy is all that matters.

this also supports my point