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Market will shrink this generation do to wii u
ps4 will definitely outsell ps3 by at least 20 millions
xbox one could sell as xbox360 or a bit less.
But console market will never be dead



PS4 - over 100 millions let's say 120m
Xbox One - 70m
Wii U - 25m

Vita - 15m if it will not get Final Fantasy Kingdoms Heart and Monster Hunter 20m otherwise
3DS - 80m