I don't think the casuals are the blue ocean anymore. You got Android and iOS pumping US$ 1 or simply free games for devices people already own. We will probably have a US$ 99 Applet TV running games with a controller and some Android devices too (forget Ouya, I mean devices made by big guys like Samsung). A lot of companies, a lot of money, things simply going as cheap as possible. This ocean is completely blood red now. It doesn't matter whant Nintendo does, people will by iPads first because that's the hot new thing.
It's time for them to return to the hardcire gaming arena. There is space, only two competitors and lots of money running (I mean, look at GTA V). Casual consumers won't buy US$ 60 games when they can buy US$ 1 ones, because they can't understand the quality difference or don't care. Sony and MS now are on the side of the market that does understand it and won't replace their shiny new consoles and 60' TVs for a simplistic mobile game (at least on home consoles, handhelds are other story since people just want distraction when going mobile, not necessarily a high quality entertaining).
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