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QUOTE said:Industry analyst, Michael Pachter has said that he doesn't expect to see a new console-cycle, because the next generation of gaming will come through the likes of Cloud-based systems such as OnLive.
Speaking during a conference at PAX 2010, the Wedbush analyst said he's unsure if we'll see a new console cycle from the likes of Sony or Microsoft:
"Where technology is right now, I'm not sure we're going to have another console cycle," he said
"We could but let's say that the next console cycle is 3D or holograms or something like that - Why can't you have that be server based and have OnLive deliver it?
"I think what we saw a couple of days ago with Apple TV where they said we're getting rid of the hard drive, everything is streaming, everything is in the Cloud. That's where gaming is going," he said.
"Now, Microsoft and Sony and Nintendo do not want that to happen... They don't want in the Cloud because they can't sell you a console."
Pachter's comments at PAX are an extension of what he said last week about OnLive potentially causing the PlayStation 4 and Xbox 720 to fail.
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