Paradox boss: Next console gen will "probably be the last"

Paradox Interactive CEO Fredrik Wester is of the opinion open platforms such as PC, mobile, and social networks will continue to thrive in the future, while box products decline as the next generation of consoles will "probably be the last."

Speaking at the firm's annual showcase in Stockholm, Wester is of the belief digital is where it's at, due to Paradox revenues increasing by 97% in 2011 from digital offerings, compared to 1.5% in 2006 from digital revenues.

"The next generation of console hardware will probably be the last," he said. "I'd be surprised if we see another generation after that."

Last year the firm also beat its previous 2010 record with a 250% growth in profit compared to the prior year's 75% profit growth.

Thanks, StrategyInformer.