Microsoft: Microsoft will try to fuse their console brand with PCs more. Trying to compete with Steam, the next XBox is basically just a pretty powerful computer that can play digitally-downloaded games through their digital distribution system, an hybrid PC-console. The machine that will probably go digital only sooner. They'll make a XTwice without disk drive per 100€ less.
Sony. Sony'll make the PS5, another regular powerful console. Why change what works so well? They have the market grabbed by the balls at this point. No new handheld, though. Either they make a PSPhone, or they focus on home console.
Nintendo. This one is the one more hard to predict. Either the NX is a astounding success, or a miserable failure. The NX will be a fusion system, both handheld and home console are roughly identical spec-wise. The handheld version will still sell better. Mobile games will make a ton of money for them, and if they can manage to focus that public to their core consoles, they could make decent hardware numbers once again. A big focus on digital will be made, specially in regions where they have been barely competitive (Non-Japan Asia and South America comes to mind). They'll make a subscription based system that doesn't block multiplayer under a paywall, trying to imitate others, and it will be cheaper but with less options that the competition.
Apple. They'll make a mini-console, and that will be it. Apple wants that videogame money, but they are too comfortable with their freemium titles and small mobile games. Most core games wouldn't trust a core Apple console after their reputation.
Steam. The Steam Machines will not prevail. THey won't sell them enough to make them a vital part of their bussiness. They will still keep their dominance over the digital PC market.
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