Life hasn’t been too good for game console makers since the iPhone debuted. Killian Bell in CofA:
Spending on Android and iOS combined surpassed spending on handhelds during Q4 2012, which includes the lucrative holiday period. But in Q1 2013, things got even more worrying for Sony and Nintendo as spending on handhelds plummeted.
For the vast majority of game console players, iPhone and Android games are more inviting, more convenient, and more affordable.