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The two don't seem to directly compete anymore. Nintendo have always been smart enough to expand the industery beyond its limits.

But to answer the question. I think Xbox serieses will do better than Xbox One. Which means smaller market for Ps5, compared to PS4.
It all depends on Nintendo's plan of releasing a new console. It doesn't seem to be anytime soon. So I think the Switch to sell more. But it will be close.