With all the hype between both the PS4 and XBox One, you have to wonder if this will be a blockbuster hit like previous console releases have been. It remains to be seen whether these new consoles will bear fruit. The once-lucrative business has slipped in recent years, faced with competition from smartphone apps and computer games. The number of game apps offered on iOS and Android platforms has exploded in recent years. It's amazing how many people I see playing games on their tablet or smart phone these days. As a result, revenue from console sales plummeted 21% in 2012 compared to the year before. Nintendo’s release of its new Wii U last year failed to generate much interest. Four million games for the platform were sold within the first three months, compared to the 5.5 million which Nintendo expected to sell. Revenues in the industry as a whole continued to deteriorate this year, down 20% in July compared to June. How many are gaming on a console vs. a mobile device?