Analyst: US Game Sales to Top $10 Billion in 2008

Tom Ivan of Next-Gen reports that a softening consumer spending environment won't stop annual US software sales exceeding $10 billion for the first time in 2008, says Colin Sebastian of Lazard Capital Markets

The analyst forecasts a software sales increase of ten-fifteen percent over 2007, largely driven by rising sales of titles for next generation platforms.

"The estimate excludes the incremental contribution from online, casual, mobile, and advertising revenues, which we believe are key long-term growth and margin drivers for the industry."

According to Sebastian, historically, videogame industry sales are driven by product cycles rather than by consumer spending and GDP growth.

Sebastian lists Blizzard's World of Warcraft: Wrath of the Lich King, EA's Army of Two, Konami's Metal Gear Solid 4, LucasArts' Star Wars: The Force Unleashed, Nintendo's Super Smash Bros. Brawl and Wii Fit, Square Enix's Final Fantasy XIII and Take-Two's Grand Theft Auto IV amongst 2008's key software releases

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Dmack794663d ago

I don't see any 360 exclusives on the "key software releases."

PS3 wins 2008!

InYourMom4663d ago

Hurry for stupid!!

Yes, Army of Two is going to be a key game this year..(rolls eyes) This list is sh!t and as well as your dumb comment.

PS3 is #3 do you know what #3 is?? LAST and it will be LAST at the end of 08.

Iron Man 24663d ago

Oh yeah,I totally forgot that the PS3 isn't getting Resistance 2,Killzone 2,MGS4,GT5,LBP etc in 2008,3rd place it is!;)

HCS4663d ago (Edited 4663d ago )

freaking doo

Halo Wars will sell millions on name alone.
Too Human, Ninja Gaiden 2, Fable 2 and Alan Wake could be this years Assasins creed, bioshock and mass effect, you never know.

If microsoft drops the price of the premium xbox 360 alongside gtaIV and pimps it like it's only on 360. They will garner more then half of the sales. You already know it's going to sell more then MGS.

What's interesting is Mario Kart Wii is more anticipated then Gran tourismo 5 pro according to g4tv polls. If Gears of War 2 comes out, go hide and fear the onslaught of microsoft.

I expect nintendo and sony to retaliate but to think microsoft is going to just sit there and get ran over are dumb as hell. Especially since theyve had the generation on lock since they released with higher quality game offerings and higher attach ratios. Im tired of hearing how the competitors lineup is crap. Everyone has something to look forward to playing. It must really suck and be depressing to own one console and have to attack everyone else because you cant afford them.

(not directed towards any ONE user, people in general on this site)

Dmack794663d ago is over run by 360 fangirls so that's not valid. and If gears of whatever comes out this year, I guarantee you that it will be rushed and get horrible reviews and disappoint many fans. Gran Turismo has been getting MUCH MORE attention than any racer coming this year, ASK ANYONE.

Too human isn't looking very good and may even get delayed again. NC doesn't stand a chance against GOD OF WAR 3!!! Even you know that! deny it all you want, because you know that GOW3 will sell 5 times better than NG2.

Bushwack will most likely come to the PS3. Mass effect will soon lose to UNcharted in terms of software sales. And when you really think about it alan wake isn't widely known among the public outside of us hardcore gamers. So it doesn't have much hype behind it.

While PS3's MGS4 and MGO will sell millions of copies within 2 months.

Cyrus3654663d ago

You assume like MSoft drops it's price sony won't follow, and maybe even Nintendo (although they have less of reason to do so).

Just as if Sony announced a price cut, i'm sure Msoft would follow as well.

Dmack794663d ago (Edited 4663d ago )

because I'm not sure you know what the full impact will be once PS3 officially reaches $300. It will be huge!

EDIT: @ HCS, PS3 will set bars for the gaming industry!

LBP for the most CREATIVITY in any game. This game allows you to do and make things that no other game will. And that appeals to a lot of consumers. It will sell well to the hardcore gamer community and to the casual gamer too.

FF13 will become the prime example of what a true next-gen RPG should be. need I say more?

Gran Turismo 5, so far has the best graphics when it comes to any racing game. It will prove to be a huge stepping stone to making photo realistic gaming, which makes you feel that you are right there in the middle of the action.

KZ2 will also have insane real-time graphics combined outstanding gameplay. And for a console FPS that is very hard to do. But once you achieve it, then it becomes a must have.

MGO/R2 will be revolutionary.

R2-60 players in a single match! AND 8-player-online-co-op! INTENSE!

MGO-Has a strategy system that I have never seen before in any game. looks very fun and pretty suspenseful.

HCS4663d ago (Edited 4663d ago )

and ill laugh at you and every other retard when it doesnt

Ps3 is still behind like 7.5 million worldwide. They better start soon, if they gonna overtake 360 by a good margin. One month is 2008 and xb keeps furthering the gap.

When is the overtake gonna happen????? FALL of 2008??????????We will see.

I been hearing the same thing for two years now, when do you have time to play your precious games if your always on here trying to brainwash people about the games coming out later????

As of right now, ps3 has no games is an exaggeration but thats to get the point across that it's a SUB-PAR gaming platform compared to 360.

Dmack quit proving just how damn ignorant you are. Have you played these games??????? I hope the frame rate keeps up with them ambitions.


InYourMom4663d ago

He is obviously another Sony knob bobber who talk's out his ass and over-hypes game's he's never seen in person or played. So typical.

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