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Lawlight said:
pray4mojo said:

Society is moving to mobile and tablet gaming. Traditional gaming in front of a tv with a controller is going to continue to decline. So, it depends on how you define recession. 

When you think about it, people that enjoyed gaming in 2005 didn't stop. They just migrated. 

The same thing could be applied to movies and yet people still watch on a TV or go to the theatre. I'm not seeing any reason to think that traditional gamers' numbers are declining.

Movies have declined... by alot. One look at the inflation adjusted list and it's confirmed. Snow White and 101 Dalmations out earned Frozen and The Lion King. Actual ticket sales are nothing like they were back in the day. 

The same thing is happening in our industry. Line up all three consoles worldwide and compare them to the first three years last generation. It's down, by alot. When you look at handheld hardware, they're all but dead. So dead in fact that Nintendo saw fit to ditch their dedicated handheld business and merge it with their home console division. The writing is on the wall.

Does this mean the end? No. Like you said, movies are still popular. Console gaming will remain popular as well. But it's naive and flat out ignorant to suggest that there hasn't been a drop off. This is the first generation that didn't outsell the prior one. It's happening.