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No. I do not agree with you. at all.

And your theory is horrendously flawed cause not only have you somehow managed to ignore all the facts that would disprove it, you have somehow managed to base it all on the worst possible examples.

Case in point? You talk so much about handhelds, then just somehow not mention smartphones. Smart phones are the sole reason handheld sales have crashed, they are as direct competitors as they can be. What is the direct competitor for consoles that would result in its crash? And if you don't know why the WiiU was and is failing, then you really shouldn't have made this thread to begin with.