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vaio said:
It surprises me that it took them so long to come to that conclusion.

Probably because they don't think in the long term either.  Still built up on the Wii/DS hype of 2007 and 2008, and the expanding industry for all sectors in 2008 (all systems here) and just forgot to notice that they were starting to practice habits that are unhealthy.  Well that definitely showed in 2009 as layoffs and closures filled the year along with games that were either big hits or massive failures.  Analysts are guilty of the same thing here.  But in this day and age in general, people always seem to miss the big picture and that's not good.