Is Recession Affecting Video Games Sales
By Partho, Gaea News NetworkMonday, February 16, 2009
With recession hitting the world economy, video games continue its record sales. The video game market is thriving with blockbusters like Grand Theft Auto IV, and popular ones like the Nintendo Wii. That doesn’t mean the video game industry was safe as the Banks of England( I mean Gordon Banks). Even the latest releases like The Lord of the Rings: Conquest - Xbox 360 are catching up fast. Although the video game market is thriving, the current scenario seems speculative.
Even with such good figures there are indications of recession nipping at heels of the video game market. The most affected seems the games console like Sony Corp.’s PlayStation 3 that’s lagging behind the less expensive rivals like the Wii and Microsoft Corp’s Xbox 360.
Market researcher NPD Group, revealed that Americans bought $21.33 billion worth of video game systems, software and accessories in 2008. Although it was a big leap from previous year’s $18 billion. This was somewhat lower than $22 billion predicted by NPD in late November. Clearly, what that means is the videogames market is fightng it out on the edges. The wave of recession has left not stone unturned.
|
October 27, 2009: 3:56 am
I’m pretty sure it’s affected - just like everything else. I have stopped buying games for a while too. |
 reading glasses |
October 21, 2009: 9:13 pm
The effect of recession in video game industry is positive coz people tend to entertain themselves. |
|
reading glasses |
 reading glasses |
October 21, 2009: 4:39 am
text ad messages that generate most of its profits today. Video ads, announced late Monday, will affect thousands of Web sites that rely on Google AdSense to post contextual ads on a web page. |
 Louis Vuitton handbags |
September 29, 2009: 8:34 pm
The recession is affecting not only the video gaming industry but every industry out there. Many people are opting to buy used Wii consoles online to cut corners, a pretty smart move on their part. |
|
September 25, 2009: 3:28 am
The recession is affecting not only the video gaming industry but every industry out there. Many people are opting to buy used Wii consoles online to cut corners, a pretty smart move on their part. |
|
August 31, 2009: 5:46 pm
The recession is affecting not only the video gaming industry but every industry out there. Many people are opting to buy used Wii consoles online to cut corners, a pretty smart move on their part. |
|
May 17, 2009: 1:03 am
I am a huge gamer and this rings really true with me. Just wanted to let you know that I love your blog! Keep up the good work. |
|
May 15, 2009: 7:20 pm
there is no doubt in my mind that the recession is effecting video game sales. it is effecting everything. |
|
February 19, 2009: 12:16 pm
The effect of recession in video game industry is positive coz people tend to entertain themselves. |
 JN |
February 17, 2009: 2:27 am
The recession is affecting not only the video gaming industry but every industry out there. Many people are opting to buy used Wii consoles online to cut corners, a pretty smart move on their part. |
Healthy Body