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.

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.

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.

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.

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)

Comments

    Analyst. Yawn.

      I'm so excited to see someone posting about PRECISELY what I was about to that I've lost all normal brain function and can only say "OMG this!".

        THIS WEEK ON MCGARNICAL:

        "My pleasure McGarnical :)"

          What do you have to study to become an analyst? I'm good at guessing/making up stuff. If I'm wrong, well, "markets can be hard to predict exactly sometimes" will be my response.

            Welcome aboard..

              I predict close to fuck all interest in this article by the Kotaku audience at large due to the nature of the.... meh. Who cares.

    Oh. So they're gonna hold PC gaming back for even longer?

    Great. Just great.

      Consoles have no influence on PC gaming. Quit trying to find a scape goat.

      It is developers that are the hold backs.

    Well if Michael Pachter says 2014, then I am absolutely convinced I'm right on the money with Christmas 2013.

    theyve already revised the xbox 360 once, if they did it a second time instead of releasing a new console i'd imagine it would be to very bad reception

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