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1st gen standard was releasing a new piece of hardware for every game.
2nd gen standard was exchangeable game cartridges, but the questionable business practices of most the companies almost destroyed the market. (Atari and Mattel were the worst offenders.)

NES was the first successful modern game platform with licensed 3rd party games and such.




8th gen predictions. (made early 2014)
PS4: 60-65m
WiiU: 30-35m
X1: 30-35m
3DS: 80-85m
PSV: 15-20m