Video Game Sales Increased In 2013: Is The Slump Over?

By | Tuesday February 11, 2014 @ 1:39pm PST

It probably is following the last year’s long-awaited introduction of the Xbox One and PlayStation 4 consoles — video game playerand growing interest in downloaded games — researchers at The NPD Group conclude in a new report on 2013 Games Market Dynamics: U.S. The firm says that total spending on video game content increased 1% to $15.39B. Consumers paid $7.22B for downloaded games, and $1.83B for used and rentals. That more than compensated for the 11% drop, to $6.34B, in sales of new physical video games for consoles and PCs. Hardware sales were up 5% — NPD doesn’t provide a dollar number — resulting in a 2% increase in spending for hardware and software combined. Consumer outlays for hardware and software fell in 2012 and 2011, NPD said. But with Microsoft and Sony offering next-gen devices to follow Nintendo’s Wii U in 2012, it’s “a positive indicator for future market growth as we enter the first full year with all three new consoles on the market,” NPD analyst Liam Callahan says. He’s impressed by research showing that 36% of people 13 and over played downloaded games. Teens and young adults are the biggest market, of course, but “there is no particular point after age 25 where incidence declines significantly.” (Really? Not even among people over 70?) Read More »

Comments (1)

Sony Shares Rise Following Successful PS4 Launch

By | Monday November 18, 2013 @ 12:15pm PST

It’s been years since we’ve seen new models of the major gaming consoles battle head-to-head in the marketplace. And Sony‘s PlayStation 4, in its first weekend, has set a high bar in initial sales for Microsoft to try to beat later this week when it releases the Xbox One. Sony’s stock is +1.5% thus far today — when most stocks are down — following the company’s announcement yesterday that it sold 1M PS4s in the first 24 hours after Friday when it was released in the U.S. and Canada. ”Sales remain very strong in North America, and we expect continued enthusiasm as we launch the PlayStation 4 in Europe and Latin America on November 29,” Sony Computer Entertainment CEO Andrew House added. Even so, Benchmark Co analyst Mike Hickey notes that the roll out was “marred” by reports of a problem: “A pulsing blue light in the centre of the console, nicknamed the Blue Light of Death in tribute to the Xbox 360′s infamous ‘Red Ring of Death’, has reportedly heralded the doom on hundreds of bricked PS4s,” he says in a report. A company spokesman in Tokyo told Bloomberg that these are “isolated incidents and represent a very small percentage of total units shipped to consumers to date.” Still, Sony posted several suggestions for consumers to fix the problem “while we investigate.” Read More »

Comments (1)

China To Lift Ban On Sale Of Video Game Consoles: Reports

By | Friday September 27, 2013 @ 5:16am PDT

In what could be good news for the likes of Sony, Microsoft and Nintendo, China is moving to repeal a 13-year ban on the sale of video game consoles within the country. The news came in … Read More »

Comments (2)

Sony Sets PS4 Release For November 15

By | Tuesday August 20, 2013 @ 11:49am PDT

David Bloom is a Deadline contributor.

Sony Playstation 4PlayStation Group CEO and president Andrew House told a press event at the big GamesCon conference in Germany today that the company’s next-generation game console, the PS4, will be released November … Read More »

Comments (7)