What's happened in the business of video games this past week ...
QUOTE | "What's happening is the destruction of the classic game console." — John Welch, CEO of Making Fun, talking about the impact of mobile and social gaming on the game industry.
QUOTE | "Wii U is dead if they launch at $US259." — Wedbush Securities analyst Michael Pachter, talking about the Wii U's possible list price and how it will affect sales.
STAT | 850,000 — Total number of Android devices activated each day, according to Google SVP Andy Rubin, talking about the continued growth of the Android platform.
QUOTE | "Anyone can throw crap at a wall and see if it sticks." — Ben Moore from Mighty Rabbit Studios, talking about the difficulties of being an iOS game developer.
QUOTE | "Mobile and social developers are moving at internet speed. So where does this leave traditional game publishers?" — Mark Friedler, game industry veteran, talking about what mobile and social games are doing to other game publishers.
QUOTE | "My mistake was in predicting that they would behave as rational business people." — Michael Pachter, research analyst at Wedbush Securities, talking about Nintendo's failure to ship a Wii HD years ago.
QUOTE | "Why not put our IP [on mobile and social]?" — Sony Worldwide Studios head Shuhei Yoshida, on the possibility of Sony putting out some of their IP on mobile or social platforms.
QUOTE | "I don't like it when Zynga gets bad press." — Rich Hilleman, Chief Creative Officer for Electronic Arts, saying he would defend any company in the game industry when they are wrongfully attacked.
STAT | $US2.3 billion — Size of the virtual goods market in 2011, according to a new study from Magid Advisors.
QUOTE | "It can totally turn around the way games are created." — Scott Zerby, president of Gamers Digital, talking about Double Fine's incredible success with Kickstarter.
QUOTE | "Platform owners could have cut us off a long time ago." — GameStop CEO J Paul Raines, talking about how GameStop continues to work with publishers despite selling used games, which publishers despise.
QUOTE | "Conditions [are] becoming markedly more challenging." — Steve Bailey, senior analyst for games at IHS, talking about the Facebook gaming market for 2012.
This Week in the Business courtesy of GamesIndustry International.
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