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Xbox hardware is pretty much done. GTA6 is coming too late to save it, and MS doesn't seem to give a shit anyway.

The real concern now is PC killing traditional home consoles. PS5 will probably beat PS4's lifetime sales comfortably thanks to a very long lifecycle, but I don't see PS6 generating a lot of excitement unless Sony drops PC support and return to full exclusivity including 3rd party deals. A PS6 portable might soften the blow, but it won't be enough to stop PC's dominance and Playstation's decline.

Nintendo is immune to this as long as they keep their stuff exclusive.