The rise of cloud-based streaming services and social games has cast doubt on the long-term viability of consoles, but Nintendo president Satoru Iwata refuted suggestions that the days of consoles are nearly over. “We do not think that the combination of a game system and dedicated software will last forever,” Iwata told analysts (via Gamasutra ). “However, we do not believe that hardware dedicated to gaming shall (become obsolete and) perish in a few years
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Satoru Iwata Calls Demise of Consoles in Next Few Years "Unthinkable"