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If the sales don't make a miraculous turn around in 2024 then absolutely. The Xbox One sold 9.6m in 2016 and it's looking like the Xbox Series this year will be lucky to do 7.5m. If they can't keep this console selling up to even XBO standards for 3 years then they sure as hell shouldn't try and keep selling it for 8 years.

If sales continue to decline 2024 then they should be looking to replace it ASAP because at that stage we're going to have to question whether the Series can even make it to 45m. So assuming no dark magic rituals propel the Xbox Series back up to 8m+ next year, 2026 would be a good year to launch.