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Speaking of merely Europe, I'd expect anything could happen including what you say. But lets just not forget that the playstation/sony brand in Europe is far stronger than Xbox, which does affect the competition.

My humble opinion is if ps3 can be priced below $400 in a year, it will surpass Xbox360 but I dont think this will ever happen cos of the huge extra costs to sony.



Playstation 5 vs XBox Series Market Share Estimates

Regional Analysis  (only MS and Sony Consoles)
Europe     => XB1 : 23-24 % vs PS4 : 76-77%
N. America => XB1 :  49-52% vs PS4 : 48-51%
Global     => XB1 :  32-34% vs PS4 : 66-68%

Sales Estimations for 8th Generation Consoles

Next Gen Consoles Impressions and Estimates