Video Game Industry Sales Reach Record Pace in 2004

Wednesday, February 09, 2005 | 11:22 AM

Following up on yesterday's debate, I wanted to highlite to a few more relevant datapoints:

"The video game industry enjoyed record sales in 2004, despite a shortage of game consoles over the holiday season, according to figures released yesterday.

The data from NPD Funworld, a market research firm, showed that United States sales of video game consoles, portable devices and the games made for those platforms were $9.9 billion in 2004. That figure is slightly below the overall sales figure of $10 billion in 2003. However, the 2004 figure does not yet include sales of games for personal computers. When those sales are included in a report due in the next few days, overall sales for the year will be a record, NPD said.

The 2004 sales include a surge in sales of games for hand-held devices, which hit $1 billion in 2004, up from $903 million in 2003.

Over all, sales of games for consoles and portable devices was $6.2 billion. Sales of games for personal computers were $700 million from January through November, with full-year figures expected soon."

This is another example of a new media taking money and time from consumers to the detriment of older media (newspapers and magazines, television and terrestrial radio, CDs, movie theatres, VHS tapes).

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Source:
Video Game Industry Sales Reach Record Pace in 2004
By MATT RICHTEL
NYT, January 19, 2005
http://www.nytimes.com/2005/01/19/technology/19games.html

Wednesday, February 09, 2005 | 11:22 AM | Permalink | Comments (5) | TrackBack (0)
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Posted by: lisa | Jul 16, 2007 11:03:50 AM

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