I don't think it can, with the way console sales have been going. Honestly, it seems like consoles are a fool-run at this point and it might be better for people to develop for PC or get out and go mobile. And, from what Nintendo has been doing, they see the writing on the wall, so they've decided to carve out their own niche, which might be the way to go. Which seems to be doing well for them on 3DS
To be honest, I like Nintendo brand over Xbox1 and about 50-50 with Playstation4. Nintendo just went to another direction with the motion controller style which I didn't like and some can agree. If Nintendo re-release some past good titles such as Zelda, GoldenEye007, Contra, Castlevania, Mario, Chrono Trigger, etc, maybe the franchise and system gain a little popularity and compete.