It seems that PC developers aren't the only ones cowering in fear at the successful tablet market; console makers are also feeling the threat, since Apple's iPad is now the fastest growing games platform.
According to gaming giant EA, consoles went down accounting for just 40% of the gaming industry, a considerable drop, since in 2000 consoles owned 80% of the games industry.
The main reason is probably because the time between each game release is decreasing and games are increasingly focusing on collaborative gaming, rather than on processing power.
"Every 5 years you'd see a new console or platform from everybody at about the same time with about the same or similar upgrades or services. You'd sort of harvest it and then it'd cycle back", EA's CEO John Riccitiello commented.
While it is true that consoles could offer better graphics, gamers are looking for much more than this. Just this month John Carmack, id Software co-founder forecasted that the mobile gaming devices could equal consoles for power, performance and graphics sooner than you might think. iPads and iPhones will be good enough to provide gamers with the needed power, performance and graphics.
Gaming giants are not giving up though; the soon to come Nintendo Wii U console, Sony's PS4 and Microsoft's Xbox 360 promise to bring consoles back into the game.