SWhat's happened in the business of video games this past week ...
QUOTE | "We think the Wii U is the wrong product for consumers."—Analyst Michael Pachter, on why he thinks it's unlikely Nintendo will sell 8.5 million Wii Us between now and March 30 to meet its projections.
STAT | $236.2 million—Amount of money Nintendo lost over the last six months; the company still expects to post a profit of over $1 billion for the full year ending March 30.
QUOTE | "'It's not about the platform, it's about the experience. We're drug dealers of experiences."—Wargaming CEO Victor Kislyi, on the popularity of World of Tanks and how gaming culture transcends platforms.
QUOTE | "We are seeing the early indications of a console resurgence starting two to three weeks from now."—Former Electronic Arts CEO John Riccitiello, who predicts a big year for console games and growth for mobile games, too.
QUOTE | "Compared to past platforms, the pre-orders that we have received for this new platform is much, much, much higher."—Sony CFO Masaru Kato, being enthusiastic about the sales picture for the PlayStation 4.
QUOTE | "We're never going to build a chip that's faster than a console—in the truest sense."—Mike Yuen, senior director of business development for mobile chip maker Qualcomm, on the limits of mobile devices.
QUOTE | "I'm more scared of staying in AAA right now ... than anything about going indie."—Developer Thor Alexander, with other indie developers discussing why they left AAA console development.
QUOTE | "For the first time since I've been in the industry, you have access to a worldwide market without ever having to leave your office."—Game developer Teut Weidemann, who says AAA games are already out of fashion.
QUOTE | "Even though I've got 250,000 sales in six months, to get that the game needed to be seen by tens of millions of people."—Antichamber creator Alexander Bruce, explaining why indie developers need to market early and often.
QUOTE | "I think what you've seen is a consistent decline, and I think it's due to lack of innovation."—GameStop president Tony Bartel, on why he thinks the next-gen consoles will yield new innovations and better game sales.
This Week in the Business courtesy of GamesIndustry International