PS3 News: Analyst: Game Market To Leap 12% - PS3 News

Members Login: Register | Why sign up? | Forgot Password?

Analyst: Game Market To Leap 12%

Perhaps we could've predicted this, but it appears that Black Friday was a big success for game publishers, and that should mean happy tidings for the holiday season.

Wedbush Morgan analyst Michael Pachter expects console software sales to rise by 12%, and of course, he's attributing the possible rise to new platforms (PS3, Nintendo DS, Xbox 360, Nintendo Wii). The Xbox 360 is predicted to swipe 36% of the $345 million new console market, and the report also hints at potentially poor PS3 and Wii sales due to the "eBay effect." This "effect" is pretty obvious; it's where consumers purchased either system for profit and not for personal use, which means they likely didn't purchase any software to go along with the console.

The report further mentions the marketplace is already making an impact on current-gen console sales. Current-gen software sales remain high, currently outpacing next-gen by $95 million, but with the launch of the PS3 and Wii, that gap will certainly close quickly. In the end, it seems the industry is making the transition to another generation with more profit in the bank, which is exactly what we gamers wanted.

12/4/2006 Ben Dutka

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

Comments (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

What do you think of E3 2017?
It's gonna be the best E3 ever!
It'll be awesome, but not amazing
Eh, it'll probably be alright
Meh, E3's getting boring

Previous Poll Results