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The Wii was an anomaly so the 8th gen was going to be smaller than the 7th gen regardless. Most of the 100 million people who purchased the Wii were never gamers and bought into the motion control hype. Those people were never going to buy another console, so you can't very well factor the Wii into the console market going down.

The PS4 and Xbox One are currently ahead of the PS3 and 360. While the Xbox One seems that it'll drop off sooner, the PS4 is probably going to sell well over 100 million. I think at the end of the gen though, PS4/Xbox One/ and Wii U will either be around or not too far below the console sales of the sixth gen.