This Week in the Business: 'Xbox 720 Will be a True Hybrid Console.'

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

QUOTE | "Xbox 720 will be a true hybrid console."—Jesse Divnich, analyst with EEDAR describes how he thinks the next Xbox will function, supporting abundant cloud features but not abandoning physical software.

QUOTE | "Zelda should inspire all developers to innovate and evolve for the fans."—Sledgehammer Games co-founder Michael Condrey comments along with several other developers on the lasting impact the Zelda franchise has had on the industry.

QUOTE | "That's f***ing bullshit."—Ken Levine of Irrational Games on design, saying"I have no patience for any game designer who says everybody should design games just like I do."

QUOTE | "New forms of games are growing, but not necessarily at the expense of other forms of games."—Nintendo of America President Reggie Fils-Aime on why the rising tide of gaming is lifting all boats, even Nintendo's despite the surge in social and smartphone gaming.

STAT | 118 million —The number of people who play social games at least once per week, according to a survey by Information Solutions Group.

QUOTE | "The collapse of the traditional games business has paved the way for a new economy."—Matt Martin, editor of GamesIndustry.biz, on 7 UK studios to watch in the coming year.

QUOTE | "Didn't I just spend 20+ years of my life trying to get away from graphics and gameplay models like this?"— Warren Spector talking about the rise of mobile and social games.

QUOTE | "The social games industry is long overdue for a weeding, which may already be underway."—Scott Steinberg, industry analyst on the 5 threats to social games and what developers should be aware of.

QUOTE | "We believe we can drive the adoption of Android tablets as a great gaming device."—GameStop President Tony Bartel is "very pleased" with GameStop's tablet sales so far, as the retailer has big plans for the emerging tablets space.

STAT | 44 percent—Nielsen found that nearly half of kids (ages 6-12) greatly desire an iPad this holiday season, much more than a 3DS, Wii, Xbox 360, PS3 or other electronic device.

QUOTE | "Give us five years and I think as many people will know about gaming as they do about movies."—Won Il Sue, VP of business development at Nexon, on why games will be mainstream in five years.

This Week in the Business courtesy of IndustryGamers.com

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