It should have, but they dropped the ball. The Xbox One is a complete and total failure after the 360, with probably about 1/2 of the lifetime sales, while the competition will go past the 100 million mark, at a ratio of more than two to one. And the Nintendo Switch will pass the Xbox one in just its third year of sales, where the Xbox one has been on the market for six years which means that it too is on track to double the sales or more over its lifetime
MS is anything but a significant player, except in the US/UK where they manage to somewhat hold their own. Can they correct it? Don't know, this was a BAD generation to fail