@Ovirew: It's not as if the next Xbox and PS5 are right around the corner, they're not. I personally don't expect 9th gen consoles to launch in the west before November 2019, and the rest of the world until 2020. While there is a chance Microsoft could force the start by launching Xbox One's successor in 2018, the more likely situation is neither Microsoft nor Sony will launch until 2019, which is still 4 years away.
Right around the launch of PS4 and Xbox One in Fall 2013, some of the the biggest third party companies, their CEOs, said they expected this generation to last 5 or 6 years before another generation of consoles would come. EA boss in particular, as well as Ubisoft. And even PlayStation UK boss said it was possible this generation could be a bit shorter than last gen. Also, in 2014 and this year, we've heard AMD's brass say they are working to win semi-custom chip contracts from Sony and Microsoft in advance of when AMD thinks it would need to have to work on designs for future consoles.
Regarding what consumers and gamers should expect as far as support for the current PS4 and Xbox One, it's probably going to be a total of 10 years. However, as we've seen before, with Xbox 360, PS3 and PS2 before that, 10 years does not mean 10 years without a successor coming out in year 6, 7 or 8.
Again, PS4 and Xbox One came out in 2013, but that doesn't mean, even with a decade of support, there won't be next gen consoles until 2023.
Last gen, PS3 and Xbox 360 went 7 and 8 years, respectively, before new systems came out. I feel that this generation will only be slightly shorter, by about 1 year. So by 2019 or 2020, I'm pretty confident next gen consoles will be launching, with North America and Europe getting them first, Japan and the rest of the world in 2020.
Back to Nintendo and the NX. They have this window during 2016-2017 to reveal and launch the NX, and it probably will be more than one system given that Iwata said the aim of merging their handheld and console R&D divisions was not to make a single game machine but make transferring software/games between handheld and console much, much easier. Lets assume that any and all NX-based hardware gets released between Q4 2016 and Q4 2017. That would give Nintendo more time than Wii U had before Sony and Microsoft launched PS4 and Xbox One. That was only 1 year. Nintendo is likely to have 2 or 3 years this time which is two or three times as much time, before PS5 and Xbox One's successor.
Think everything I'm saying is pretty reasonable given history, as well as the current situation of Nintendo, Sony and Microsoft.
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