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I would do this:
1). Release a new console: backwards compatibility with the Wii U and if possible the Wii. Power needs to be between the XB1's and PS4's power or better (if 2016 or later, better), everything less is not good enough. Price needs to be competitive with the PS4 and XB1, like $400.
2). Work on your network, it's shit.
3). Have a good controller on par with the Xbox One controller and the Dualshock 4.
4). Make sure all 3rd party games that come to XB1 and PS4 also come to the new console.