"The software publishers are afraid to death of piracy. Once a full game is lying on a hard drive, there's the potential for piracy. Aside from the games, the bandwidth, etc., our studies have concluded that the network won't be in place to do digital distribution of full games until 2020 to 2025."
So was he right then, and when he sold 200K this week? Or was he right when he signed off on selling investors a digital growth strategy banking on 900% growth by 2014?
To be fair, I think his growth strategy to 2014 is probably reasonably fair. Maybe a bit overly optimistic on digital PC growth, but not far off the mark. You might actually find the retail side of his forecast is conservative. The new Nintendo console will drive growth over the next few years.
My concern is the direction MS an Sony will go in 2014. My guess is we will see a big leap forward in digital delivery of content with the launch of new consoles. There are obviously a number of other incremental threats.