From plummeting sales to a shift to social networks, critics love to endlessly debate what ails the gaming business. Sales of games for PlayStation 3, Wii, Xbox 360 and popular handheld consoles slumped a whopping 15 percent to $531 million in June, according to market research firm NPD. Credit the rise of new technologies -- from downloadable games to smartphone apps -- streaming "cloud" games and social network titles. People are finding experiences and products elsewhere, and different businesses are emerging that large infrastructure companies aren't used to adapting to, and a lot of them won't be able to adapt to.
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