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XBox is practically dead outside the US, no amount of price cuts will revive it. And it is bound to run out of hardcore Halo fans soon, and with significantly less exclusive offerings, and with inferior hardware quality and inferior multiplat game quality, it is hard to imagine many sensible people choosing it iver a vastly superior PS4.
It will be a miracle if XOne sells more than 8-9 million in any given year, and will have a tough time reaching even 40 million before MS finally gives up on it and moves completely onto the PC gaming market, as they have already started with Fable and Halo. I predict XBox as a console will be discontinued by 2018 at the latest, with only the name brand remaining as a PC/mobile service.