Week 2 EOC: Boston Consulting Group- Video Games

The Video Game Industry seems to be slowly declining based on many of the website postings on the information many of the sources are saying. Companies like Sony and Nintendo are seeing a slight decline in console sales. Many of the companies do not want to lower the price of their consoles but seemingly have to due to the weak sales. Microsoft and Sony seem to be dropping the price of the PS3 and the XBOX 360 by at least $100. Notably Nintendo doesn't seem to be budging on their console of the Wii with a steady price of $250, however, they are bundling other games with it to attempt to sell more consoles.

Also declining in the sales are the stores that are actually selling the products. Stores like Game Stop are seeing a decline as well. There just doesn’t seem to be a demand for games at the moment. They want to open more miniature stores during the holiday have to aim more at the younger generations.

It would also seem that apple has a lot to deal with the decline of the video games nowadays. When it came to video games, it was a hot commodity to purchase these ridiculous games at either $60 to $70 a game. Now that Apple has entered the game it would seem they have the edge since the games are around the 99cent and free categories.

“Oct. 26: GameStop Corp. says it plans to open about 80 holiday stores aimed at younger kids. The stores will feature video games, accessories and licensed products for younger kids. This includes Activision's "Skylanders," as well as "Angry Birds" toys and mugs and the Lego series of video games.”

http://finance.yahoo.com/news/video-games-industry-faring-225521741.html


XBOX Star
Wii Dog
Wii U Dog
PSVita Dog
iOS Star
CPU Dog