At the Paradox convention, CEO of Paradox, Frederik Wester, said in a speech that he believes the next-generation of consoles will be the last. He made his traditional predictions of the games industry, where he sees a further rise in more digital-focused platforms and distributions. He said:
The next generation of console hardware will probably be the last. I'd be surprised if we see another generation after that.
He also predicted that there will be a further decline in box products, and a rise in 'open' platforms such as the PC, mobile and social networks. Paradox have seem digital revenue increases from 1.5-percent in 2006, to 97-percent in 2011. In the same year, they beat their 2010 statistics with a 75-percent growth in revenue, and a very nice 250-percent growth in profit.