Michael Pachter's pretty well known at this point for not having too much optimism with regards to the Wii U's future, and it seems he still holds that opinion now. During a speech he gave at the London Games Conference, he predicted that Wii U's lifetime sales cap is to be somewhere around 30 million, a number which is much much lower than his projections for Xbox One, 90–110 million units, and PlayStation 4, 100–120 million. In fact he went as far as to say he thinks "Wii U is toast."
"We think 30m is where it is set. If you are a Nintendo fan bitching about my opinion on Wii U, stop, put your money where your mouth is and buy a Wii U." — Michael Pachter
Though, Pachter thinks it's entirely possible consoles as a whole "may not be relevant" a decade from now, adding that he thinks "one day you'll get to play any game, anywhere on any device."
In my personal opinion, I figure we'll have a good idea of whether or not the Wii U has a chance at being successful once this holiday season has gone by. On the other topic of discussion, I've heard others echo the sentiment that consoles may be a fading power in the gaming industry, and it's certainly an interesting question to discuss. So what do you think? Will consoles still be major after this generation?