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There is never just ONE reason for something doing this poorly. However I think there are ton of very obvious reasons:

-Too late
-Too weak
-Little Support
-Outdated online
-Too Expensive
-Too much competition

^^All of these things contributed to selling worse than the Dreamcast.



Prediction for console Lifetime sales:

Wii:100-120 million, PS3:80-110 million, 360:70-100 million

[Prediction Made 11/5/2009]

3DS: 65m, PSV: 22m, Wii U: 18-22m, PS4: 80-120m, X1: 35-55m

I gauruntee the PS5 comes out after only 5-6 years after the launch of the PS4.

[Prediction Made 6/18/2014]