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PCs and mobile devices together will be what eventually puts game consoles into a niche market.
Mobile devices have been historically too weak to kill consoles. They're enough to seriously threaten handheld devices, but even Nintendo is only partly threatened by them.
I'm pretty sure no affordable phone (that's upper-mid range specs at best) can surpass a base Xbox One or PS4 in performance. And they probably can't even manage that. They are plenty of Gaming PCs, but Gaming Phones and Tablets are a much smaller market.



Lifetime Sales Predictions 

Switch: 156 million (was 73, then 96, then 113 million, then 125 million, then 144 million, then 151 million)

PS5: 115 million (was 105 million) Xbox Series S/X: 48 million (was 60 million, then 67 million, then 57 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima