The Console Market Is In Crisis

interesting read. I myself own a PS4 but still feel the machine’s potential hasn’t yet been fully utilised. the future of the next gen consoles will surely look brighter with the big game releases this year (WatchDogs, Destiny etc) hoping the gaming industry can re-work itself for the future!

TechCrunch

A few days ago Sony announced it has now sold a total of 6 million PlayStation 4 consoles. Microsoft’s next-gen equivalent, the Xbox One, has likely racked up sales of around 4 million so far. Both flagship consoles were released around the same time in late November last year, in time for the 2013 holiday season. And both companies have been shouting loudly about who’s beating whom for cumulative console and games sales globally and in key markets like the U.S.

On the cumulative console sales score at least, Sony’s PS4 appears to be edging out the Xbone, for now.

The thing is neither of these new generation console flagships is selling very well when compared with previous generations of flagship consoles. The console market appears to be shrinking significantly — and that’s evidently having a knock-on impact on games studios and game development. The big games studios don’t exclusively…

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