Video Games: 3 Threats Facing Next-Gen Video Game Consoles

Video games sales are sliding, console sales are off, and executives are bailing

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Video Games: 3 Threats Facing Next-Gen Video Game Consoles

3 Threats Facing Video Game Consoles: Conclusion

Tech Crunch tallied the January sales for all video game consoles (both next-gen consoles and older models) and compared that to the total number of units sold in January 2007 — the last time the video games giants had a holiday launch of new hardware. The numbers were telling.

Video game consoles last ones Video Games: 3 Threats Facing Next Gen Video Game ConsolesIn 2007, the big three managed to sell nearly 2 million units North America in January. This year, that total comes in around 700,000.

Despite having more people to potentially sell to, makers of video game consoles are not only failing to retain their current levels of hardware sales, they’re losing ground in a big way.

Add that to the contraction in sales of video games and it’s clear the industry is not exactly booming.

With the threats currently facing Sony, Microsoft and Nintendo and the performance of next-gen consoles to date, it’s probably no surprise that some industry analysts are predicting the Xbox One, Playstation 4 and Wii U to be the last generation of traditional video game consoles to be released.

As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/video-game-consoles-video-games/.

©2014 InvestorPlace Media, LLC

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