Following a promising first few weeks, the PlayStation 4 and Xbox One will outsell the PS3 and Xbox 360 in five years, Take-Two Interactive CEO Strauss Zelnick said in a presentation today.
The PS3 and Xbox 360 took eight years to sell a combined 160 million total units, according to Gamesindustry, but Zelnick thinks the new generation can do the same in five.

http://www.ign.com/articles/2013/12/04/zelnick-ps4-xbox-one-to-outsell-predecessors-in-five-years
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