Switch hacked: unpatchable exploit is a security nightmare for Nintendo

[Jumpin]

NightDragon83 said:

AlfredoTurkey said:

Talk to the music industry if you don't think piracy hurts. 

The music industry's problem was 1) failing to embrace new technology / audio formats (sales of MP3 players took off in the early 2000s), and 2) charging consumers as much as $18 for CDs in retail stores when all people wanted was one or two songs on the whole album.

Plus, PCs in the early 00s allowed for affordable ways to rip and burn audio CDs and store thousands upon thousands of audio files, something that was impossible for the average consumer during the days of vinyl, cassettes and the first wave of CDs in the late 80s-mid 90s.

Napster and similar P2P networks were just the straw that broke the camel's back when it came to the music industry and the RIAA.

* "failing to embrace new technology" is a meaningless statement. Embracing MP3 players didn't change the fact that virtually all music could be easily pirated. It's not the free market's place to solve the problem of crime, only strict prosecution can solve that.
* "Charging too much" only became a problem when piracy undermined the market.

The music industry's demise came about because of piracy after 2001.
The video industry began suffering the same fate a few years later, it has been down in total revenue year over year since 2004 in Europe and 2009 in the US.

The Console and mobile industries have avoided decline by avoiding piracy as much as possible: being more litigious and updating hardware, primarily.