It's hard to tell but hardcores will always want to enjoy the latest technology in gaming and visuals, and while portables will get better in time, they will be a point when they will reach physical boundaries when heat and power issues will start holding them back, away from the development of the discrete market. (Remember when the 3Ghz barrier was reached on PCs?)
When portables manage to pull PS4 graphics, consoles might be pulling 4K games and so on. We might get to a point where all consoles become portable, but I don't see it happening anytime soon.
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