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"We are adapting to the changing market and are well prepared for the next hardware cycle".
Oculus CTO John Carmack said Gear VR will get a proper, full consumer launch with Samsung's next hardware cycle, however.
The fundamentals are much more tied to the hardware cycle, and we are coming off of strong sales of Sony's PS3 and Nintendo's Wii.
The hardware cycle is slower than that of software, so its boom may take ten years to peak, rather than three or four…but it's coming.
With the next hardware cycle at least two years away, it's more important than ever for Sony to continue to wring profit from the company's largest cash cow, and online seems to be the key.
But in a November report, Vilensky defends the prices, saying the gaming industry "deserves to command premium multiples, given the visibility surrounding the new hardware cycle that will drive sales and earnings growth".
Similar(51)
The two other debutants – McColls and Game Digital – have suffered in a tough market amid the supermarket price war and the gaming hardware cycles, respectively, although Game's shares have recovered from a nightmare Christmas.
Hardware cycles are longer than software and you can't pivot endlessly.
This is the problem with long hardware cycles (Xbox 360 is 8 years old).
The most precious resource that ought to be most efficiently managed is not hardware cycles, but human cycles.
"Historically, the video game industry has looked recession-resistant primarily because of the coincidence of where it was in the hardware cycles more than anything else," says Williams.
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CEO of Professional Science Editing for Scientists @ prosciediting.com