This Gen should be much shorter than the last.
MS had 8 years, Sony 7. I think, both will bring their next gen consoles in 2019, neither of the two consoles is really powerful and both should look totally outdated by then.
It's nothing like 360 being extremely powerful back in 2005.
Nintendo will probably be a little earlier, 2017 or 2018.
So we will see about 6 years main lifetime against up to 8 years. With a market, that isn't really grwoing any more, at least without China and so on.
So yes, the current gen consoles will sell less but that also willbe a shorter lifespan.
As for the console makers, Nintendo will sell by far the least. They might have better sales in 2015, they might have worse sales.
MS and Sony will still have their peak years. Both consoles will get cheaper, big titles like Uncharted 4, Halo 5 and new ip's are yet to be released and so on. And MS, other than Nintendo, will be much stronger than back in original Xbox days.
Another thing is last gen consoles getting discontiued sooner or later. 360 for sure sooner. Again, PS4One will be cheaper by then.
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