This Week in the Business: “Social games are killer”

What's happened in the business of video games this past week...

QUOTE | "It comes down to Wii U." - Panoptic Management Consultants Asif Khan describes Nintendo's precipitous fall and how the future could hinge on Wii U.

QUOTE | "Really feel the heat from Vita." - Nintendo's sudden price reduction on 3DS may be a sign that they were beginning to feel pressured by Sony's PlayStation Vita, says DFC Intelligence's David Cole.

QUOTE | "Most outrageous game ever." - THQ Core Games boss Danny Bilson talks up Saints Row: The Third, which he says has a very "aggressive" sales target and marketing comparable to Homefront.

STAT | 894 Kbps – The measured game downloads speed in Rhode Island, the fastest state for downloads (three times faster than the slowest, Idaho), according to a Pando Networks study.

QUOTE | "Far from burned out." - Doom creator and id programming genius John Carmack talks about how he's more excited about gaming now than ever before as he hints at Rage 2 and id Tech 6.

QUOTE | "Really f***ing cheap." - Epic Games President Mike Capps weighs in on the credits controversy around Team Bondi and L.A. Noire, noting that not giving credit is "just stupid."

STAT | 10% - How far ahead Sony's PS3 is in worldwide sales this year compared to Xbox 360, despite Microsoft's tremendous momentum in the U.S. in 2011, leading some to believe PS3 will overtake 360.

QUOTE | "Last for decades." - BioWare is aiming for its upcoming MMO, Star Wars: The Old Republic, to last for a very long time and eventually expand to 500 worlds.

QUOTE | "An awfully loved franchise." - Unreal could be making a comeback as Epic's Mike Capps admits that his company hasn't been "giving it the attention it deserves."

QUOTE | "Social games are killer." - Japanese analysts discuss Nintendo's misfortunes with 3DS in the last quarter and advise that Nintendo finally enter the social space by acquiring a social developer.

This Week In the Business courtesy of IndustryGamers.com

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