It should do alright, i mean it's got an established base now more than ever but PS4 will do better because it's cheaper. Just the same advantage Xbox 360 had.
Xbox One, PS4 and Switch (+ Many Retro Consoles)
'When the people are being beaten with a stick, they are not much happier if it is called the people's stick'- Mikhail Bakunin
Prediction: Switch will sell better than Wii U Lifetime Sales by Jan 1st 2018