Tuesday, November 12, 2013

Week 2 EOC: Boston Consulting Group - Video Games

"2013 hasn't painted a pretty picture for the retail sales of console games. With the exception of the big lift the industry received from GTA V's record-setting launch, generating $1 billion in just three days, console game sales have been consistently down."
http://www.gamesindustry.biz/articles/2013-11-08-can-ps4-and-xbox-one-save-console-gaming


"It seems like all anyone wants to talk about these days when it comes to the video game industry is how in trouble it is."
http://www.businessinsider.com/the-video-game-industry-is-not-doomed-2013-11


"Interpret study finds Sony's console leading even in territories where Xbox 360 comfortably beat PS3."
http://www.gamesindustry.biz/articles/2013-11-14-ps4-beating-xbox-one-on-purchase-interest-worldwide

I think that both the ps4 and the xbox one will end up being cash cows or even stars, but that it might take a little bit before they catch on. The economy is slowly getting better, but we are not at the point where everyone is willing to rush right out and purchase a new game console when their old one works just fine. The release of new consoles will likely give the market a boost, with people who do not own any kind of console showing interest in purchasing one.

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