Um, no, they're not. At least, they're not in terms of their target market. You cannot compare a smart phone to a PS4 or XBox. One is for people who play Candy Crush in their off minutes, the other is for people who play CoD for 12 hours straight. Sure, there is overlap, but this is like comparing a Toyota Tercel to a Ferrari because "they're both cars".

And the typical cycle is not 2-3 years. It has been 6-7 years for the last few generations. Not sure you even play console games...