The Wii U, which Olson and Connor expect will ship in the fall of this year with a price tag of $299 or greater, is forecast to sell only 35 percent of the volume of the original Wii during its first 14 months, due to "disappointing" hardware specs and competition from the mobile games industry.
Sony's next console will launch during the 2013 holiday season, suggests the analyst firm, and will only sell 50 percent of the volume that the PlayStation 3 managed -- again, due to competition from tablets and smartphones.
Finally, Microsoft's next Xbox will launch in 2014 says Piper Jaffray, and will sell only 55 percent of the volume that the Xbox 360 has before it. The firm believes that this will be down to the next Xbox being "an incremental improvement, not a quantum leap" over its predecessor.