CVG writes: "Shore Capital analyst John Stevenson has said that the games industry needs to launch a new console within the two years in order to prevent profits from falling.
"Unless we see new hardware launches into the UK market over the next 2 years," he said to Reuters, "which appears unlikely at present, then we believe profits will peak this year and fall consistently over the following three years."
However, chief executive of Game Lisa Morgan said dismissed Stevenson's claims, stating that the games market was "absolutely not" at a peak.
Instead, Morgan said that unlike previous game cycles which have allegedly been driven by one major console (huh?), demand was now fuelled by a number of consoles that appealed to broader audiences."