I wouldn't imply at all that the Wii is just going to stop selling by the way, but like everything else on the market it will plateu - question is when and at what level of sales ?
The Wii manages to sell between 110,000 and 85,00 consoles per month in the U.S., but I think by this time next year sales will stall at around 40,00 to 60,000 per month: still a great amount, and still more than double of what the PS3 sells at this point in time.
As for innovation, with the DS ? Definately, the Touch Screen has gone from a novelty to a viable gameplay element and as a result it not only sells like hotcakes, but has resulted in some great games (I, myself, have one, but I never have the time to play it!).
As for the Wii and innovation... not really. The motion sensing technology is a wondful idea in theory, but I think it shouldve only been implemented as an option to complement standard controls (Yes, I am aware the PS3's controller would be the closet thing to an example for this, but it was executed very badly).
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