The main thing that is killing the industry right now is greed.
This is nothing specific to video game industry, though. Apparently, for some reason, ultraliberalism and extreme greed is very popular among the 1st world elite, even if not su much within the 1st world population. I wonder why.
Also, I can't say if I agree or disagree since I know squat about modern video game industry, but such predictions have already been made over and over on this forum... and for now, they didn't happen.
It's kind of like the Simpsons. You see it as a kid being this amazing thing with massive potential only to watch as it dies a horrible non death and becomes a zombie of it's former self. You pray and pray for God to have mercy and simply kill it, but he never does.
Haha so true. But the same thing can be said about most series (games, comics, books, anime, films, whathever), and it's always the same. So logically the whole things also happens to "video game industry" as a whole...
Video games have stagnated in part because technology has stagnated.
I agree, probably related, the moore's law already ended. We continue to be able to make smaller and smaller chips, but they stopped to be more and more powerful, and massive parallelism is basically useless exept for very specific tasks.
Each generation of consoles was a big step up (or at least a big change) from the generation prior.
I'll also add that games on the same system but begin of life or end of life have almost nothing to do with eachother on earlier generations. Just compare Donkey Kong to Kirby's Adventure, both for the same console. Does early PS2 and late PS2 games have such a difference ? I'd say no.
What do you really get with a PS4 -- just slightly better graphics and/or 4k video.
But 4k video is completely useless
for human beings, as the extra resolution isn't even perceptible to the human eye in the 1st place.
Other "innovations" such as immersive 3d or virtual reality are acually a resurect attempt at something that was already a huge commercial failure in the 80s...