“I actually think consoles are a thing of the past,” avid gamer Mark Ormond said. He confessed to playing more games on his iPhone these days than on his Wii or Xbox 360.
As non-traditional gaming platforms expand, can Nintendo, Sony and Microsoft keep doing business as usual? Do consoles even have a place in the future? Not in the traditional sense, says outspoken gaming analyst Michael Pachter. “Gaming will move to the cloud,” he said. And that’s a body blow for console makers, who make money on not only their own games, but hardware sales and licensing fees.