This Week in the Business: 'What's the point of next-gen consoles?'

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

QUOTE | "A force to be reckoned with." - Panoptic Management Consultants CEO Asif Khan notes that if Nintendo's stock continues to fall the company could be acquired by Apple, creating a gaming powerhouse.

QUOTE | "What's the point of next-gen consoles?" - Epic Games President Mike Capps wonders what the future will hold for consoles given that smartphone technology is accelerating very, very quickly.

QUOTE | "Cathartic." - id Software's John Carmack thinks back to the days of Doom, the controversy over Columbine and notes that violent games can actually reduce aggression and violence.

QUOTE | "Games will take over the world." - Civilization creator Sid Meier reflects on his career and the future of gaming in a special Q&A column with the legendary designer.

QUOTE | "Our respect probably has grown." - BioWare co-founder Dr. Greg Zeschuk talks about the challenge of creating an MMO (Star Wars: The Old Republic) and how much they respect what Blizzard has done with WoW.

QUOTE | "I don't know if we've seen anything like it." - Activision Blizzard boss Bobby Kotick is amazed at how much interest gamers are showing in the upcoming Modern Warfare 3, which has seen pre-orders "significantly" ahead of Black Ops.

QUOTE | "How can you say it's not peaking?" - EA and Digital Chocolate founder Trip Hawkins questions whether Apple has actually already seen its best days and will soon decline.

QUOTE | "Not entitled to overtime pay." - Wedbush analyst Michael Pachter elaborates fully on his position on crunch after initially getting many developers riled up with comments about L.A. Noire developer Team Bondi.

QUOTE | "Still see retail as very strong." - Following the announcement of Season Ticket, EA Sports boss Peter Moore talks about the importance of retail despite EA's continued push into digital.

QUOTE | "Inevitable." - Hi-Rez Studios co-founder Todd Harris, who's making free-to-play title Tribes: Ascend, believes it's just a matter of time before Microsoft starts supporting free-to-play on Xbox Live.

This Week In the Business courtesy of IndustryGamers.com