I don't know, I think microsoft can still pull it out (no pun here folks!). It's still pretty early, perceptions can shift. Especially if they are still shooting for a 10 year life cycle.
Biggest problem the xbox one had/has was their leadership team. Mattrick was a joke, he deserves to be at zynga, not head of xbox. He was nothing but a train wreck as the head of xbox and his leadership during a console transition can be considered nothing less than a nightmare.
However, Microsoft has done a lot to rectify the issues Mattrick left them. In time, with some big hitters like Halo, they can at least pull even in NA and UK. Europe may be a lost cause. However, they could still make some gains in emerging markets like China, South America, etc. It's not a completely lost cause for Microsoft, I still think they can get close to what the 360 sold, 70 million or so...
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