PC and Consoles - Which one generates more revenue for video game companies?

I think consoles make more money.

Probably consoles.

A couple points to remember:

• Retail and digital sales have vastly different representations on the different systems (majority retail on consoles versus majority digital on PC).
• Games sell for higher prices on consoles, but the console makers take a big slice of that as a fee.
• Publishers are the ones that make money on games, not the developers. When a game sells really well, that ensures the developers get funded, but (other than sales-related bonuses) the developers don't get the extra profit.
• Typically, smaller developers will make more money digitally, since it has less overhead and they can self-publish, and they're more likely to more digital copies on PC.

Depends. First week cash-ins probably earn more on consoles, slow burners with long term support probably earn more on PC.

The former - because PC users are accustomed to not paying full price, and so not many sales are generated before the fake pre-release hype wears off. Also, (pure speculation on my part) because PC users are better informed and thus less likely to buy overhyped crap.

The latter - because updating a console game is overly time consuming and costly, so long term support is less likely. Also, community building is way more difficult.

Edit: Oh, and, of course, games with small marketing budgets pretty much always do better on PC, due to the larger digital distribution market.

Nvidia might be biased considering how AMD is supplying for both new consoles, but they say PC has the most revenue. CLICKY

Consoles most likely , it's easier to pirate games on PC than consoles .

I believe it is consoles, as I remember reading a few times where some companies were saying that they developed for consoles because they made more money there.

Consoles

Depends on the game and region; Call of Duty is going to ooze sales for consoles, but not the PC. The Witcher series is going to sell well on PC (and the developer sells many copies directly), but not as well on consoles. Dark Souls on the PC sold more copies than there were sold in Japan all together, and it is considered by many, including the devs, a shitty port and didn't sell well by PC hit standards.

TL;DR: It's all subjective.

I suppose it would also depend on whether the argument was regarding greater revenue as a platform or greater revenue per game.

For any company that makes a multiplatform release, consoles will outsell PCs by a wide margin.
Even just accounting for a single console, say 360 or PS3 vs PC, consoles will most times sell more units and by connection make the company more money.

Yes, PCs as a whole have a much MUCH larger market share, however, you cant really include every PC as a viable gaming platform.
Yes, piracy exists on the PC, but that also holds true for consoles. Gameboy-3ds, ps-ps3, GC-wiiU, and so on all have methods to pirate games.
Consoles also have that pesky used game/rental market, which MS was kind enough to start removing.

Consoles in most cases.

I think you have to consider who is publishing the game. They have to buy licences for consoles if im not mistaken so the bigger the company the smaller the licence impact is going to be.

That being said, I have no clue how much console licences cost.

For triple-A multiplatform releases, easily the consoles.
for indies, generally PC, but that's shifting a little.

According to AAA developers, consoles are horrible because of the used game sales and that is why Microsoft is putting an end to it on XboxOne.

"You cannot have game and marketing budgets this high while also having used and rental games existing. The numbers do not work people" - Cliffy B

Although, the fact that they typically create the game for console then port it to PC along with delayed launches seem to indicate that consoles are their main focus. If you aren't making money from them, why would they be your main focus?