Problems in the Console Market

console-crisisSony has announced their sales number for the PlayStation 4 consoles and it comes in at 6 million. The Microsoft equivalent, the Xbox One, has sold nearly 4 million thus far. Both game consoles were released around November 2014 just in time for the holiday buying rush. Both PlayStation and Microsoft bragged about how great their sales were going to be. They companies were clearly competing for the most games and consoles sold globally and especially in the U.S. Sony beat out the Xbox in cumulative sales for now, but the important point is that neither console did very well in overall sales.

Earlier generations of flagship consoles have sold much better, indicating there may be trouble ahead for the console market. The customer base seems to be shrinking and this is bad news for both Sony and Microsoft. With less demand, this directly impacts game studios and game development. It is hard to tell exactly how dire the situation is because the makers of consoles have not been as forthcoming with numbers as they usually are. Their hesitance to release data is a big clue that things may not be going as planned.

Numbers are down, compared to how many consoles were sold in 2007. The Wii U has taken a nosedive and Xbox One’s sales are way down as compared to the Xbox 360. Additionally, the cost of developing and producing console games continues to rise, while sales go down indicated a less than bright future for console gaming. These market problems may lead to market contraction as mobile devices take over and people chose to spend their free time in other ways. There are many ways to amuse yourself and maybe the time of the console has passed.

from Douglas MacFaddin’s Video Game and Media Page http://ift.tt/PuA3bp

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Published by: Doug MacFaddin

Douglas Willis MacFaddin was born June 16, 1961 in the Miamisburg Hospital to Patricia Ann MacFaddin and Richard Willis MacFaddin. My mother’s maiden name is Morrison and she is the youngest of seven children who were raised in Lycippus, PA. My father was the second of four children and was a twin. He was raised in the town of Viola, DE. At the time of my birth, my father worked at the Mound Laboratories in Miamisburg, Ohio in research. Mound was an Atomic Energy Commission facility for nuclear weapon research during the Cold War. My mother made a home for our family. My father passed away in 1991 and my mother is currently living in Avon, CT. Doug MacFaddin is the oldest of five children (Doug, R. Stuart, Anne Marie, Megan and Mary (Heather)). I lived in Ohio for two years, spent the next seven years in Murrysville, PA (outside of Pittsburgh), moved to Little Silver, NJ and relocated my senior year in high school to Avon, CT. My four siblings currently live with their families in Avon, CT and are members of St. Ann’s Church. I attended Mother of Sorrows School in Murrysville, PA. In NJ, I attended Little Silver Point Road School, Markham Place School and Christian Brothers Academy (CBA) in Lincroft, NJ for three years. My senior year, I attended Avon High School and I then spent the next four years at Union College, Schenectady, NY. I received a BS in Industrial Economics and graduated in June 1983. While at Salomon Brothers, I was asked to attend a two-week seminar for Public Finance at the University of Michigan in 1986. In Little Silver, I was involved in Troop 126 where I achieved the rank of Life Scout and was both a Patrol Leader and a Senior Patrol Leader. I also was an alter boy at St. James Catholic Church and spent summers a the Ship Ahoy Beach Club in Seabright, NJ and caddying at the Rumson Country Club. At Christian Brothers Academy, I wrestled for the varsity squad for three years. I took second in the districts my junior year and went on to the regionals. I also ran on their cross country team freshman year and was part of the CBA Colt team that hasn’t lost a duel meet since 1973. My senior year at Avon, I won the wrestling States (S). I went on to wrestle at Union College and qualified for the Div III nationals twice (1981, 1982) and was co-captain both years. My senior year at Avon, CT, I also won the States (S) in pole vaulting. It was the first time Avon High School had a state champ in two sports in the same year. During my four years, I earned nine varsity letters between wrestling, track and football. In 1979, I was accepted into The National Honor & Merit Scholars Society. Upon graduating from Union College, I accepted a position at Salomon Brothers Inc in August 1983. I was an analyst in their Public Finance department at One New York Plaza. I lived in Park Slope, Brooklyn and spent the next four years working at Salomon Brothers. As a result of Black Monday, October 19, 1987 the Public Finance Department of Salomon Brothers was jettisoned to conserve capital. By November 1, 1987, I was working at Dean Witter Reynolds in the new Public Finance Department made up of many of my former Salomon Brother’s colleagues. The new Department was located on the 57th floor of 2 World Trade Center.

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