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Game console sales in slo-mo

More than 25 million of the video-game industry's most sophisticated and family-friendly consoles have been sold in the United States in the past 2 1/2 years. But there are only marginal signs that the machines - designed to foster games as a mainstream pastime in a majority of homes - are making any inroads with households that traditionally have been without consoles.

The game industry's signature event, the Electronic Entertainment Expo (E3), takes place this month in Los Angeles in the midst of booming hardware and software sales, driven heavily by interest in Nintendo's Wii, Microsoft's Xbox 360 and Sony's PlayStation 3. The industry is on pace to top last year's record $18 billion in sales by $3 billion to $5 billion, according to the market research firm NPD.

The robust spending, however, seems mostly to be coming from consumers who owned a previous generation of console, such as the PlayStation 2 or original Xbox. Some industry insiders hoped the new consoles, led by the populist appeal of the Wii, would dramatically expand the pool of game-playing Americans. But that appears to remain down the road at best.

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mercurynews.com
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DFresh3606d ago

In the long run people will start to see why the PS3 is the best console to own this gen once all of the major games come out and there's some price drops.
I still believe that once more people start to buy HDTV's they'll go straight to PS3 for the Blu-ray/1080P. (movies + games = heaven!)

KeiZka3606d ago

"once the price drops". There maybe. Here where I live, I still have to pay up to 600USD or more for PS3. And that is absurd.

thereapersson3605d ago

Where do you live, Keizka?

Rhezin3606d ago

speak sense, clowntown. 360 is getting a hundred dollar price drop to $300 by the end of this month, and there are no good games (except for "MGS4") developers are starting to realize they can make more money faster by developing just for the 360 because it's easier and no f!cking slowdown or glitch problems either like the ps3 has.

thereapersson3605d ago

Ahh, retarded fanboyism at its finest

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thereapersson3605d ago

Get this nonsense out of here

ChrisGTR13605d ago

lol. wheres the mods? looks like they got some kind of automated spam bot on here. your gonna need to up the security when making new accounts.