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retroking1981 said:
Simple fact is this generation will be the first (to my knowledge) not to outsell the previous one.

Thats a sad fact for any gamer.

I think:
Xone will be down although I couldn't estimate how bad yet
3DS will be down about 50%
Wii U and Vita will be massively down
PS4 has a good chance of being up but it has zero chance of being up enough to offset the drops above.

Wii and DS gave an 'artificial' boost tho, it could never be sustained. And something can't keep growing and growing infinitely. Even smartphones will slow down one day!