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Game industry needs new consoles to reverse sales declines - Pachter

US retail sales of video games have not been good at all this year, with monthly declines regularly in the double digits. In an NPD data preview note, Wedbush Securities analyst Michael Pachter said that September's results (to be published this Thursday) won't be much better and that the industry really needs new consoles from Microsoft and Sony to push sales into positive territory again.

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NYC_Gamer1390d ago

I agree,there isn't much excitement now days.Nintendo could take advantage with the Wii-U this year since it would get many peoples attention because its new hardware that offers a new style of home console gaming.

richierich1390d ago

Totally! Bring on the next generation

doogiebear1389d ago (Edited 1389d ago )

What does new consoles have to do with the decline in profits in the gaming industry? Console sales only affect the Big 3 (Sony, MS, and Nintendo).

SOFTWARE sales are the decline that effects all other companies. So if games suck, and the economy is bad (both reasons being the true cause of the decline), then by what logic would a new generation of consoles do to make games...y'know--NOT suck? Plus with new consoles comes expensive hardware, and since the last generation, it may come with new, unfamiliar subscription fee's to take away more of your money.

Just because the game industry has never seen such a long delay between consoles, doesnt mean that THAT must be the reason for the bad SOFTWARE sales. There is virtually no correlation. In fact, it makes no sense. Need I also remind you, that you are listening to Pratcher (which carries with it it's own discredibility).

I could care less if next consoles come out now, or next month. But I just can't stand when conclusions are made without any viable logic.

NYC_Gamer1389d ago

There isn't much to be excited about.Many publishers won't even produce new franchises this late in the console circle.Its nothing but tired old franchises released every year..I believe new hardware is needed so publishers could release all of the new software they are holding back.

shutUpAndTakeMyMoney1389d ago (Edited 1389d ago )

The problem is that nintendo doesn't push graphics and effect. They don't even have a semi next gen game yet at launch. Maybe ubisoft will. Pikmin will sell well though.

Nintendo is not even fully ready for bf4 next year..
"The developer points to memory as the main culprit, as going 64-bit guarantees full access to 4GB or more of RAM as well as better virtual addressing. Andersson sees it as a prime opportunity to upgrade to Windows 8" - dice

Windows 8 uses 300mb ram & they want to use 4gb + for frostbite next year! WiiU should of had 2 gb for games and 1 gb for OS.

http://www.engadget.com/201...

Also I wish sega was still around.

Yangus1389d ago

True.
Once again.
I think this generation old and tired.Need next-gen.

kurochi1389d ago

What???!!! I don't agree with this assessment at all. The reason that retail games sales has been declining is because a lot of the games have been subpar. Instead of fixing the problem, which is to make better and original games, let's just throw newer consoles into the market and hope it stimulates sales? WTF? efing Pachter!!! So instead of better games, we'll just have COD/Halo to the nth degree on a newer console??

vortis1389d ago

I think it's two-fold.

You're right, I see games like Journey and The Unfinished Swan and it's easy to see that if devs sacrifice graphics for gameplay we could experience some truly great and new experiences on today's consoles.

However, how many devs are going to sacrifice graphics for gameplay? And how many pubs will let that happen?

I'd love to see more games like Mount & Blade on consoles, and again, if they sacrifice graphics we could finally see 1000 vs 1000 army battles (and not the fake kind like Dynasty Warriors).

I think we'll still need new consoles, though, because even with crappy graphics GTA IV pushed consoles to their limits and the game's poor framerate and vehicle recycling really stripped away from the experience. It's a completely different game on PC.

doogiebear1389d ago (Edited 1389d ago )

@ kurochi:

Tell 'em man

tigertron1389d ago

E3 2013 will be the time when Sony and MS decide to show off their new consoles.

doogiebear1389d ago

Yeah, and devs will be showing off their "new" crappy sequels on them and software sales will remain as low as ever. Unfortunately, Pretty graphics =/= inspiration for good game development. :/

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