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.
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.