Is the Video Game Industry Dying?

[Lil' ½ Dead]

E3 is usually the videogame industry's big party of the year — a chance to celebrate its strengths and showcase the titles it expects to drive sales forward for the rest of the year.

But as the game makers gather for this year's event, a cloud hangs over the soiree. Retail sales are down 27 percent compared to this time in 2011. Mobile devices are stealing the spotlight from traditional consoles. And naysayers are openly questioning the long-term viability of the console industry.
Given the hard numbers, that's understandable, but there are a few other factors to consider before making such a declaration.
The first is the age of today's game machines. Microsoft's Xbox 360 made its debut in 2005 — and Sony's PlayStation 3 bowed the next year. In an industry that has traditionally swapped in new hardware every five years, that's a big gap — and it's one that is starting to affect sales.
"We've had an abnormally long console cycle and I think people are ready for something new," says Eric Handler, senior equity analyst at MKM Partners.

Full Article: http://games.yahoo.c...-175530304.html

[aryan51]

thanks kev

[Doctor_Death]

Will they ever get tired of saying this ? they know damn well it's not dying lol, that's like saying will people stop using gas if it reaches $5 a gallon

[realneil]

Just more Hype to get a little attention upon themselves.

[Drdeath]

They wanted to get your mojo up Stan.