How is a console that has already sold nearly 100 MILLION units a niche product, especially for Sony, since almost all of their profit comes from their PS division (which includes other services but all of them dependant on their console)?
It's a very strange statemente, almost as if he is trying to convince people of that so they can move on to a different direction with more ease, regarding this partnership with MS.

For the record, I'm not offended nor am I arguing, just stating my thoughts on the matter. I'm not attempting to persuade anyone, just wanted to share my two cents. The ceiling is obviously much higher on phone games because of what you said. Those games are far less intensive and expensive to make and can produce a tremendous amount of profit (flappy bird, Candy Crush, and Pokemon Go come to mind). That being said, I'd imagine the vast majority of phone games are underwhelming in sales and have little momentum in building a consistent microtransaction support base. While consoles sell less than phones, I feel like personally it is easier for those companies to walk away with high software sales and profits than most cell phone games, but I could be wrong.

What we're really talking about here is the service or platform itself, not the games in specific.  Playstation on billions of devices instead of a few tens of millions.    

In essence, he's a salesman trying to sell the potential of an investment opportunity.  Of course, it's not nearly that simple, but he's not really going to say that when he's trying to win financial support.  He's going to highlight the possible merits of success.

The last sentence of my previous post was just a general statement, not directed at anyone in particular.  

The reason these particular comparisons have been made is because they all represent mainstream western entertainment, sure the revenue models differ but it at the end of the day it all comes under entertainment spending, btw I looked up your Nigerian movie industry claims and found it's revenue is around 800m  and Forbes admitted it's headline was wrong and the Nigerian profit is based on per capita, anyway our discourse has made us forget that he didn't compare console gaming to anything other than gaming as a whole, also I presume you and I are in agreement that the deal has merit , so that only leaves us to debate the use of the word niche and I stand by the standard dictionary definition, that niche besides being a recess is a specialised segment of the mainstream, so unless something unusual happens. I shall take my leave knowing that minds, mine included are rarely changed from their starting positions no matter the merit of the dialogue.

These companies want to hit the hundreds of millions if so billions of subscribers and customers. You wont achieve that status with just making plastic boxes. The audience is a lot bigger and limiting yourself to 100m customers isn't the way to get there. So this statement makes a lot of sense to me.

People arguing on over semantics Haha

I don't think anyone is arguing about these companies direction and the deal and how it makes sense for Sony since it isn't limited to just gaming, it impacts their sensor and other entertainment divisions and then there's the world of AI and Sony's hardware coupled with Ms's software means they will be competitive in a world that is increasingly reliant on AI. but instead of talking this up he went negative when there was no need, all he had to say is it has consequences for more than just gaming and this is us making sure when the time comes we are well placed. having said all that we need to just look at what he said without adding any of our own  comparisons and see if it stacks up his statement was compared to gaming in general console gaming is niche now if you look up the word niche it is defined as a specialised segment of a mainstream industry so the definition doesn't fit console gaming also Rol mentioned that it accounts for 25% of total gaming so looking at it from those points it seems like all of us me include  have been wasting our time adding layers that were never there and talking semantics about nothing but a poorly worded part of a statement.