Fishlabs CEO Michael Schade has stated that the development of gaming on mobile devices is improving more rapidly than has ever been possible with consoles.

Speaking at the Develop conference in Brighton, the head of the German mobile gaming company said: "The innovation cycle of smartphones is about 12-18 months, compared to 5-7 years on console".

Schade drew comparisons between various phones and consoles of the past to prove his point. He said that Snake on Nokia handsets from the late 1990s were akin to the Telstar console of the 1970s, that the Nokia 6100 was comparable to a NES, a Nokia 6230 a SNES and the original PlayStation with the Sony Ericsson K700i.

He went on to say that modern smartphones like the iPhone 3GS and Nexus One were on a par with the Xbox.

Schade also predicted the launch of an iPad HD in 2011 and stated that by the end of this year, there will be 120 million iOS devices in circulation - only 20 million shy of the most popular console of all-time, the PS2, which has sold 140 million units.

Is Schade right? Are mobile devices the games consoles of the future? Or will the tech available on consoles always be one step ahead? Let us know what you think using the comments below.