That's a great question.
Probably the most honest answer is that a lot of people don't know. The industry today looks a lot different than it did six months ago. Six months ago, a number of investor relations individuals, pundits, and critics would have said that the console video game industry was dead and that the industry's future lay in mobile devices, in telephones and hand-held devices. Others would have said it lay in PCs, home television—smart TVs—and such things.
I think I read yesterday, however, that the PlayStation 4 has already sold seven million units in a couple of months, and the Xbox One is close behind at around five million units. The manufacturers of those console boxes are having a hard time keeping up with production to meet demand. To me it looks as though the console industry is quite alive and well.
What you're going to see is a mix between games going to mobile devices and new experiences, and going to a lot of traditional models, such as consoles that have more of an online and multiplayer experience. The Internet has really changed video games. You no longer have to play by yourself; you can play with a lot of people in your home because of the Internet.