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Greener Pastures Lie Ahead In The Video Game World |
Listed in: News Tags: next gen console, ps4, video game revenue, video game sales, xbox 720
Even with the $67 billion in excepted revenue, video game sales have been coming in lower than excepted dating back the start of the year. Video game sales alone have dipped more than 25% compared to last year’s sales. Console sales haven’t fared any better, showing a steep 45% decline, despite a modest in increase in accessory sales.
June alone showed a 29% fall off in video game and console sales, analysts and video game economists say that greener pastures still lie ahead as next generation consoles like Xbox 720 are set to hit stores by Christmas 2013 and revive the sluggish, but still highly lucrative video game enterprise. Video games and consoles are expected to deliver a robust $82 billion come 2017.
But as promising as the next generation consoles from Sony, Microsoft and Nintendo are sure to be, as well as world of PC gaming, analysis agencies like DFC are confident that the lion share of video game revenue will come from online sources. By 2017, online gaming profits are excepted to hit as high as $35 billion, compared to a seemingly mediocre $11 billion recorded in 2011.
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