Friday, November 27, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
SK Hynix Rejects Chinese Take-over Offer
New Huawei Mate 8 Smartphone Launched With Kirin 950 Inside
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Optical Storage > Games c...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, November 26, 2003
Games console sales in downward spiral

Video game console sales for 2003 will drop dramatically despite the games market enjoying more success last year than US box office receipts, market researchers have warned.

In-Stat/MDR predicts that the industry is entering the downward spiral of a cyclical trend which will see 2003 shipments and revenues fall from 2002 levels.

Worldwide console shipments in 2003 will drop by more than two million units from those in 2002, with lower numbers of PlayStation 2 (PS2) and PSOne console shipments being primarily responsible for the drop-off, the analyst said.

Both Nintendo GameCube and Microsoft Xbox shipments are expected to increase in 2003, but not enough to offset the reduced Sony shipments.

Console revenues are expected to fall as well - by nearly $2bn - with both price cutting and lower shipment numbers responsible for the drop.

In-Stat/MDR senior analyst Brian O'Rourke said: "We expect all three competitors to release their next-generation consoles in the second half of 2005 when this market will trend upward again, with revenue levels reaching those of 2002 in about 2006."

Sony shipped its 60 millionth PS2 console in September, a number the analyst does not expect the Microsoft Xbox and Nintendo GameCube to reach.

Over the past year, Microsoft has successfully established the Xbox as the number two console worldwide, surpassing the Nintendo GameCube.

Pioneer expects revenue to rise over 10% next year        All News        Pioneer expects revenue to rise over 10% next year
Pioneer expects revenue to rise over 10% next year     Optical Storage News      Pioneer expects revenue to rise over 10% next year

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Sony To Bring backward Compatibility To PS4, Xbox One Price Drops At $299
Halo Game Helped Xbox One Sales In October
New Xbox One Experience Begins Today
The List Of Xbox One Backward Compatibility Games
Video Game Holiday Expectations
Xbox One 1TB Holiday Bundle Available Next Month
Xbox 360 System Update Adds New Features
Xbox One To Get Backwards Compatibility in November
Xbox App Update On Windows 10 Brings High-res Game Streaming
Seagate Announces Game Drive for Xbox One and Xbox 360
Xbox Unveils New Game Lineup
China Is The New Battlefield For Game Consoles

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .