Monday, November 24, 2014

Consoles are not dead


New research was shared recently about the console gaming segment. According to The Future Foundation, it turns out that almost half of all U.S. households own at least one gaming console. An even greater percentage of households with millennials own a gaming console device. This is great news for console game software developers and hardware manufacturers.

This seems like uplifting news for a market that has been seeing a 1% year-over-year decrease in hardware and software sales. Meanwhile, worldwide spending on mobile game apps tripled in 2013 to $16 billion. By 2020, it is estimated that 50% of consumers will be using gaming apps.


But is it positive news that two third of households own game consoles? This research could include households that own a console and they plan on never purchasing a new version of a console again. So the stats do not directly correlate to future hardware or software sales. And as the marketplace continues to flood with different gaming options, who knows if consoles will continue to hold a large percentage of the gaming market?

Source: AdWeek

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