The console market is in peril, according to EA's CEO. John Riccitiello recently said that the console industry, which used to account for 80% of the market, is rapidly shrinking thanks to the popularity of the iPad and smart phones as gaming devices.
"Consoles used to be 80 percent of the industry as recently as 2000," he said in a recent interview. "Consoles today are 40 percent of the game industry, so what do we really have? We have a new hardware platform and we're putting out software every 90 days. Our fastest growing platform is the iPad right now and that didn't exist 18 months ago."
EA is not the first publisher to voice these concerns, and some pundits have even questioned whether the PS Vita will flop due to this new paradigm shift.
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