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Submission + - Is console gaming dying? (bit-tech.net) 1

mr_sifter writes: PC gamers love to obsess over whether PC gaming is dying, but bit-tech thinks it's time to look at the other side and examine if console gaming is really as secure as publishers would have us believe. All three console manufacturers suffered from the recession — this year, Sony announced its first net loss in 14 years; a stunning ¥989.9bn, which includes record losses of ¥58.5bn in its gaming sector. Microsoft also announced its first loss since it went public in 1986 in the second quarter of this financial year, with a $31 million US loss coming straight from the Entertainment and Devices division – i.e those responsible for the Xbox 360. Not even Nintendo has escaped the financial plague either, with sales of the Wii dropping by 67 percent in the US, 60 percent in Japan and 47 percent in the rest of the world. In addition to reduced profitability, casual games and the rise of the iPhone further suggest the current model is on its last legs.
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Is console gaming dying?

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  • Sony has been hit hard on all fronts for the last few years and making a loss from the PS3 is nothing surprising. As is the 360, the console itself was never intended to make money, that's softwares role. And it has been classically. Console gaming is an unstoppable force, all the casual games in the world can't compare to a good video game. It's like saying an episode of "How I met your mother" is a good enough substitute for Star Wars.

I have ways of making money that you know nothing of. -- John D. Rockefeller