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This Week in the Business: 'No New Console from Microsoft Until 2014'

Illustration for article titled This Week in the Business: No New Console from Microsoft Until 2014

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

QUOTE | "No new console from Microsoft until 2014."—Michael Pachter, Wedbush Securities analyst believes we could see a revised Xbox 360 in 2012, but no new Xbox console until 2014.

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QUOTE | "The Kinect interface is a really, really magical progression."—John Taylor, video game analyst at Arcadia Research, on what the Kinect has done for the game industry and where it's going.

STAT | 5 million—That's the number of users Zynga's newest game CastleVille managed to attract in just 6 days, making the game Zynga's fastest growing title yet.

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QUOTE | "We reserve the right to refuse any return."—GameStop's policy about game returns which led to Consumer Reports placing GameStop on the Naughty list for places to shop this holiday season.

QUOTE | "I am trying to advance the art form in some meaningful way."—Richard Garriott de Cayeux, creator of Ultima, on his new game and exactly why he doesn't like current MMORPGs.

QUOTE | "The advantage of renting games is that publishers get quite a lot of money."—Gerry Butler, Blockbuster commercial director, on why publishers support game rentals to reduce used game sales.

QUOTE | "Trading up to the PS3 from a Wii makes a lot of sense."—Michael Pachter from Wedbush Securities talks about how console sales will change during the holidays, and deals with some hot rumors.

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QUOTE | "We will widen the consumer demographic for the 3DS ."—Reggie Fils-Aime, President of Nintendo of America, discusses how Nintendo plans to attract consumers 50+ to the 3DS as well as hardcore gamers.

QUOTE | "There is a universal experience in the middle."—Andrew Wilson, Executive Vice President of EA Sports, describing how EA Sports is developing games across multiple hardware platforms.

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QUOTE | "There was a huge line of people camping out overnight."—A Nintendo spokesperson at the Nintendo World Store on Rockefeller Plaza in New York describes the big buzz for the Zelda: Skyward Sword launch.

This Week in the Business courtesy of IndustryGamers.com


(Image from Shutterstock)

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DISCUSSION

Of course GS has the right to refuse any return. I can't think of a single store that DOESN'T have this somewhere in their policy. Why this somehow earns GS more hate and not, say, BestBuy, just speaks of the unfair bias toward GS.

Besides, people try to return crap for stupid reasons, like damage they themselves did (one guy tried to return a disk that looked like he'd been using it to play Frisbee with his dog) or like Wubbly said below, 'because they didn't like it.' Guess what - GS isn't Blockbuster or GameFly. You don't rent games from it.