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HollyGamer said:
Cloud gaming will be the future no doubt but physical hardware will still be here but will be slowly less attractive and more expensive. Cloud will be super cheaper and gain mass attraction far more then consoles and today's PC. But again it will not replace real hardware it's just it will compliment each other like how Smartphones and dedicated gaming compliment each other.

You forgot to mention the problem of not everyone having internet connections, which is what we'd need practically everywhere for cloud gaming to work.