Both Xbox One and PS4 should have long lifespans and outsell their older gen versions, almost as long as gen 7. This is due to the huge amount of support that the consoles will get throughout their lifetime. Honestly, with the way sales are going and how high in demand PS4 and XOne are right out of the gate and through the whole year it gives developers very enticing reasons to develop games and apps on both systems, even if Xbox One's sales are lagging behind PS4. The PS4 especially will be able to sustain huge sales for at least the next 4 or 5 years passing the PS3 quite easily given the fact that it could drop to as low as $199 in 4 years time. Sales for either system at that price would explode and you have yourself another PS2, sales wise. I don't see gen 8 sales a sfront-loaded at all.
Gen 9 should also release sometime in 2020, or shortly before, but gen 8 will still be around for 3 years after that because of how relevant this gen will turn out to be. Gen 7 lost flame early into the gen 8 due to fatigue and definitely could has prospered more with actual price cuts but this is why I see gen 8 being much more lucrative for the consumer and corporations alike.
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