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The $1.6 billion threat to game consoles
Internet-connected TV devices that can play games are positioned to finally break out in the next few years, and traditional game consoles could take a big hit as consumers shift their spending. Market research firm IHS iSuppli forecasts that worldwide consumer spending on video games played on Smart TVs, internet-enabled Blu-ray players and set-top boxes, and other devices (e.g. a games-enabled Apple TV) will reach $1.6 billion by 2016. That growth would be immense for …
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