Not necessarily. PS2 dominated its generation; Xbox did OK, but only a company Microsoft's size could have sustained it (and even Microsoft superseded the console in four years, unusually short for that generation). Xbox 360, Microsoft's second try, was hugely successful, beating PS3 everywhere outside Japan. Had it only been as successful as Xbox was, though, Microsoft might not have tried again.
No Windows Phone iteration ever had more than a few percentage points of share. iOS and Android both clearly destroyed it in the market. Had WP seen a few years of sustained success it would still be around today, sort of like how BlackBerry the brand is still around, albeit for Android-based devices.