PS4 and Xbox One Are Selling At Historic Levels But The Home Console Industry Is Still Shrinking - Forbes

“Shrinking” is an equally accurate and misleading characterization of the console market. It’s the equivalent of saying iPhone is behind Android and iPhone is the most popular phone. The numbers justify both points of view.

Consoles are doing fine, and Wii has lost the casual market to phones and tablets. One doesn’t mean the eventual end of the other.