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Like most technological change, people expected it to take hold a lot faster than it actually has. You can see the same thing playing out with AI right now. Look back in a decade or two, and we're going to laugh at what people are saying about AI taking over right now.

That said, mobile has continued to gain market share, and consoles have lost market share. To be clear, I'm talking about the size of their piece of the pie. Console sales are not really declining. But they're not growing either, while other segments of the gaming business are growing. So consoles are a smaller segment of the market, and are continuing to decline relative to mobile (and sometimes to PC as well). So, consoles definitely are not dead. But I think it is safe to say that we are past peak console, and that their market share is likely to continue to decrease for the foreseeable future.