Analyst is just plain wrong. For several reasons:
1. The home consoles are nearing market saturation and are in their 6th/7th years on the market! That's longer than any other generation, so of course it is natural that sales will be declining.
2. He's making this claim after only a few short months of the new year, at a time that sales are generally much lower anyway.
3. The iPad/Tablets will never replace or even hardly steal any marketshare from consoles because they are completely different interfaces and playing environments. Have fun playing 4 person shooter multiplayer on a single iPad screen...
The day a tablet/iPad integrates TV display technology without latency and adds some other control interface like buttons/joysticks, all at a comparable cost ($500 for a tablet???) and offers software with comparable features and scale is the day consoles will be worried.
That's like saying tablet computers are taking away from Living Room television marketshare because they can watch movies and things on their tablet... complete rubbish.
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