There seem to be a lot of self denial from me and most core gamers alike but the truth is the numbers are speaking heavily about this being the last generation of consoles. Before people start mentioning GTAV numbers or COD numbers, those are for the software, not the hardware. This generation remains really Vital for what the future gaming landscape would be like and at no time than ever.
Publishing/Development houses have more powers to create a driving force for where people would consume their games. I am actually doing my dissertation on this topic and even i am finding it difficult to argue against the case of console relevance. At the moment the PESTEL forces are against the gaming industry, mostly from Political, Economical and Social circles and then Substitute products are having really big impact on the market than it ever has in anytime in history.
![](https://www.gamespot.com/a/uploads/scale_small/1003/10033853/2345180-2870152241-Chart.png)
The handheld market is already dead for dedicated mobile consoles and the more developers keep trying to cater to the mainstream, an audience that console manufacturers have largely ignored in favour of the core market, the end story aint going to be preety. Publishing houses are at no time than ever spreading their product on any device they can find, it is giving a real headache for consoles to argue their relevance when dedicated gaming enthusiast can spend big and game on a PC, while casuals can game on their iPads, leaving the core in between and the lines are shrinking even more
Sources: http://www.edge-online.com/features/forget-the-console-wars-the-real-battle-is-to-stay-relevant/
http://www.economist.com/news/technology-quarterly/21584433-video-games-newest-games-consoles-look-surprisingly-underpowered-and-are-very?fsrc=scn%2Ftw%2Fte%2Fpe%2Ftheraceisnottotheswift
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