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It absolutely can, I just don't think it will as yet. Price cut for One is key. It needs to match PS4 in price, or it will stall on shelves. No mainstream customer will choose the more expensive box with a similar library, only XBox fans will.

Wii U has MK8 coming, and quite possibly price cuts of its own come Christmas time. I expect Wii U sales to be at least double last year's, meaning One will need to exceed at least 8-9 million 2014 units by the end of the calender year. That seems like a stretch as it stands. A price drop or a key title could change it though, it's that close.