[From layoffs to the rise of freemium/smartphone gaming, several analysts share their biggest game industry disappointments and unhappy trends of the year with Gamasutra.]

Analysts, by nature, are critical beings, so having heard their thoughts on the best things to happen in the gaming industry this year, we definitely wanted to hear what they thought had gone wrong.

Retail sales are set to record their third consecutive year of declines, after all – and while some companies have seen their stock prices rise (congratulations EA!), others continue to lag.  Here’s what Wall Street’s most notable game industry analysts thought went wrong in 2011:

Read more at Gamasutra