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Final-Fan said:
His argument is weak IMO, and many supporting points are not substantiated in this article.

His argument is not weak. The biggest growth the console industry has is at the start of every generation, due to the release of new consoles. What he's saying is that, because of a deliberate prolongation of this generation, the console industry will grow slower without that impulse in sales. Then add the fact that other types of gaming markets are becoming cheaper and cheaper, like PC and iPhone.