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Skip Navigation LinksPC Authority > News > Video game market beats recession
Video game market beats recession
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Video game market beats recession

by Iain Thomson  on Jul 5, 2008
Tags: Video | game | market | beats | recession
"It just shows what a long-term market is the gaming industry. Analysts predicting the rise of the PS3 only days after Sony announced losses of BILLIONS of dollars in their games arm! There's no ..."
 
The Nintendo Wii continues to dominate sales, though analysts predict the PS3 is catching up. Interestingly, the PC remains the "most used" gaming platform.
The video games market appears to be bucking the economic slowdown and enjoying spectacular sales, according to a new analyst report.

DFC Intelligence forecasts worldwide spending on games software and hardware to hit $57bn in 2009, and 11 countries will see national sales top $1bn.

"Consumer spending on software is at record levels and the games business seems to benefit from a recession because they are a relatively cheap form of home entertainment," said DFC analyst David Cole.

The best selling console is the Nintendo Wii, which is dominating the market at the moment.

However, the analysts predict that the PlayStation 3 will catch up, and that software sales for Sony's console will match the Wii's by 2012.

"The Wii does not appear to be a fad and it has the chance to be one of the best selling systems of all-time," said Cole.

The most used platform for computer gaming remains the PC. Computer games for the PC were worth $7bn in 2007 and are expected to reach $19bn by 2013.

Also see our recent blog piece: The Xbox 360 glory days are over
Copyright © 2009 v3.co.uk
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Comments: 8
Thoughts on this article? Add a comment below.
sein
Jul 5, 2008 5:03 PM
The advent of the casual gamer has made gaming big business. The PS3 will catch up to the Wii, but what will happen to the Xbox 360?


Comment made about the PC Authority article:
Video game market beats recession?
Software and hardware sales to hit $57bn in 2009.

What do you think? Join the discussion.
bbjai
Jul 5, 2008 6:35 PM
As i mentioned in the previous blog post about the Xbox 360 price change, I think the PS3 will have strong sales. The whole Blue Ray player thing has sold me. Given the whole idea of having minimal things at your lounge room I think many people will love the PS3 doubling as their main source of movies and entertainment. The Xbox 360 and the Wii will have no such capabilities unless Microsoft drastically does something like add a Blue Ray unit or vamps up its online resources. At the end of the day all everyone wants is a neat lounge room with good looking devices.

The XBOX 360 will die, the drivers of consoles sales now are casual games and multimedia. No matter how crap a casual game is it still sells better then half the titles on the 360 (see SSBB, Mario and Sonic Olympics, and Mario Party).

I think the challenge for the PS3 to catch the Wii is for them to develop games that can match the Wii in the casual gamer market. Could they possible take advantage of the controller or release a new add on that might take advantage of good graphics and innovative gaming? Its all in Sony's court really.
maxcam
Jul 7, 2008 4:40 PM
Wii seems to have taken business from alot of people who were not previously gamers like families and the casual gamer. Apart from true Xbox fans, most other people that are interested in Serious gaming seem to be buying into the ps3 market.
jeremytse
Jul 7, 2008 5:00 PM
I've had the Wii for a while and its fantastic for when people come over as you don't have to be an avid gamer to pick up and play.

I recently bought the PS3 mainly for the latest batch of games that simply look and feel awesome (GTA / MGS4).

So I agree that the target audiences are different .. I'd have no hesitation recommending a Wii to my parents, for example .. (and I'd keep the PS3 .. haha)

In the consideration between XBox / Ps3 .. I think it was the Blue Ray that sold me .. even though it may not be as ideal as a stand-alone unit .. that was the difference that made my decision.
Faustino
Jul 7, 2008 5:26 PM
A minimalist living room isn't my priority, three PCs in a dedicated room off the living room gives plenty of game space and never mind the clutter!
BenHarvey
Jul 8, 2008 11:01 AM
I've been chasing a Wii for awhile now, and whenever im ready to purchase it they are sold out

I would imagine if they could keep up the supply levels better their sales would truly be unrivaled
xaussienanny
Jul 8, 2008 11:38 AM
The Xbox 360 has just had a massive price cut, so don't count it out yet. But as for more active interaction/play, the wii certainly has a lot going for it. I was impressed with just getting my average in bowling on the wii, but its pretty light work in comparison to some of the other activities you can do. But as to what sells me in regards to purchasing a console. Well it was backwards compatability, but I have been dissapointed on that front with the xbox 360. These days I don't trade in old consoles if I wont to go back and play a favourite.
Maxxx
Jul 8, 2008 7:35 PM
It just shows what a long-term market is the gaming industry. Analysts predicting the rise of the PS3 only days after Sony announced losses of BILLIONS of dollars in their games arm!
There's no doubt that we, the gaming public, are the winners - with ever cheaper consoles and games, and more variety than ever - DS, Wii, PS3, PSP and, oh yes, the Ex-Box!
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