I don't think anyone would argue regarding handhelds, so, moving on...
Neither Nintendo nor Microsoft will sell as many console units as they did during the 7th gen. WiiU will be lucky to sell a quarter of the Wii's total at this point. XB1... maybe about half of the 360's total but not much more.
Sony is the only company who's console will see growth over last gen, and those thinking the PS4 can make up the difference all by themselves are kidding themselves. PS4 ain't selling PS2 numbers, people. Japan is a very different market today than it was in the early 2000s; PS4 won't manage 21m+ there.
The only thing that could possibly change things is if this gen went on for a very long time, and personally I think it will be shorter than last gen.
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