Gaming consoles such as Playstation, Xbox and the Nintendo Wii have dominated the gaming industry in the past, but recent trends have seen a decline in the marketability and profitability of their products.
Collectively, Sony and Microsoft have lost $10 billion since 2000, which is a big indication of changing preference and the current economic situation. It has also been a while since a new generation gaming console has been released, and news of a next-gen Playstation or Xbox has been officially quelled by recent statements from both companies.
We are also seeing a lot of re-releases of previous hits, which are relatively cheaper to manufacture compared to brand new games. The culprit for this trend? Downloadable games.