Xbox One and PlayStation 4: Bad Weather Ahead?

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The Electronic Entertainment Expo, or E3, will begin Monday, and there is a lot of excitement about the new gaming consoles coming out from Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE), but the entire realm of console gaming may be in trouble.

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According to a study conducted by research firms IDC and App Annie, consumers are starting to put a significant amount of money into mobile games. Their findings showed that mobile games received three times more consumer spending than dedicated handheld gaming devices.

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