During this year’s Game Monetization Conference in San Francisco, Michael Pachter, a managing director and analyst for Wedbush Securities, shared updated data and his latest thoughts on the future of the games industry (game consoles in particular) – for the next 10 years.
For the most part, Pachter addressed issues that many individuals, even those outside of the games industry, already know. That is to say, that while the physical aspect of gaming retail is staying fairly consistent, the digital segment is expanding dramatically:
Which leads to what many gamers may or may not find controversial – Pachter essentially believes that game consoles are a dying breed, due to his prediction that in the near future – mobile devices (phones, tablets) will be able to play AAA-level console games.
Pachter - "I think it’s the last cycle for consoles because you’re not going to need a game console to play a console game. I think consoles are irrelevant in ten years."