Video Game Industry Sales Reach Record Pace in 2004
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
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Comments
Posted by: lisa | Jul 16, 2007 11:03:50 AM
Posted by: lisa | Jul 16, 2007 11:04:27 AM
Good post. I think that this is normal because video games become more and more interesting and people just love them. I do not think that this is something bad but we should not go too far!
Posted by: michael jones | Aug 29, 2007 8:33:32 AM
It's hard to belive considering all the games available online now...
Posted by: Thousands Of Free Games | Dec 1, 2007 3:03:37 PM
Hope there is not a shortage of consoles this year...
Posted by: Gamer | Oct 24, 2008 10:19:07 AM
