This Week in the Business: 'Console is not Dead.'

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

QUOTE | "Console is not dead."—David Cole, analyst at DFC Intelligence, talking with other execs about the global gaming market and how consoles will bring in $25 billion in 2017.

QUOTE | "If PC gaming died, it came back rather quickly as a surprisingly sprightly and rosy-cheeked zombie."—Rob Fahey, veteran game journalist, talking about how consoles still have plenty of life in them .

QUOTE | "The Wii U could find itself on the outs sooner than Nintendo would like."—Chris Morris, game journalist, talking about Nintendo's poor E3 showing and what their exec's statements really meant.

QUOTE | "In many ways I am not all that excited about the next generation."—John Carmack, legendary game programmer and Doom creator, talking about next-gen consoles and why his virtual reality headgear is cooler.

STAT | 845 million—Number of users on Facebook, whose games product manager says "Games are extremely important to us."

QUOTE | "Investors are genuinely concerned about EA, rather than simply being spooked by rumors."—Rob Fahey, former editor of Gamesinudtry.biz, talking about EA's stock price drop this year and why it's happening.

STAT | 700,000—Number of units of indie dungeon crawler Binding of Isaac has sold, which surprised developer Edmund McMillen.

QUOTE | "Ultimately, devices connected to the internet in a Windows-type environment are going to win"—Arthur Lewis, Dell exec, talking about why Alienware will win the battle for the living room.

STAT | $20 million—Amount that THQ has reduced their sales expected for fiscal year 2013 due to the delay of Enter the Dominatrix, their Saints Row the Third expansion.

QUOTE | "We love SmartGlass. I think it's a killer initiative."—Frank Gibeau, EA Labels boss, talking about Microsoft's SmartGlass and how it puts pressure on Nintendo.

STAT | 2 years—Amount of jail time you could face in Japan for illegally downloading games or making unauthorized copies, if a proposed law passes.

QUOTE | "The Xbox 720 'leak' strains credibility somewhat but offers some interesting ideas."—Richard Leadbetter, Eurogamer's technology expert, analyzes the document supposedly from Microsoft about the next-gen Xbox and beyond.

QUOTE | "I can't accept there's too much violence, when now there's more of everything."—Johnny Minkley, game broadcaster, talking about why violence in games is not a problem for the gaming industry.


This Week in the Business courtesy of GamesIndustry International
(Image from Shutterstock)