If you were always contemplating a PS3 or an Xbox 360 console for yourself and worried about the pricing, there is good news in the near future. Wedbush securities senior analyst Michael Pachter predicts a price fall in these consoles and with good reason too. Both the 7th generation consoles have been in the global market since late 2006 and the requirements for games have gone way up since then.
Evidently, reviews were lukewarm for many new games like Call of Duty Ghosts on these ageing consoles. According to Michael Pachter who spoke on the Bonus Round videocast by Gametrailers, “Publishers are going to threaten the manufacturers, and they’re going to say cut the price of the PS3 and the Xbox 360, now”. Although much cannot be read in to this, there are multiple other factors pointing in the direction of a price-cut. PS4 and Xbox One had been released in all major markets a few months ago which dropped the sales of the old consoles a little.
A price cut would boost sales of the older consoles and also the games for those consoles would sell better. This was witnessed by the Wii-U price drop in August 2013 which boosted sales 200% for Nintendo. This would create a win-win situation for the console manufactures, game publishers and gamers. Tough competition has been coming in to the console market since the release of smartphones and tablet computers as casual gamers shifted away to android gaming.
The android-based Ouya console has been picking up steam in the North American markets while Valve’s own consoles, the Linux-based Steam Machines running on SteamOS and touted to release within the 3rd quarter of 2014 is also expected to make a dent on the market. Finally, publishers will have to produce games for both the consoles and will have to find it worthwhile to do so. A price drop will hopefully occur quite soon, sometime in 2014, if not in February.… Read the rest
A little while ago, we wrote about how the current wave of high end smartphones and tablets hitting the market could possibly signal the end of the gaming console. Looks like Juniper Research analysts agree with our theory – a report predicts that, by 2017, mobile devices will become our preferred gaming accessory instead of our Xbox’s and PS’s.
According to this report, 64.1 billion downloads of games would happen in 2017, which is three times higher than the figure for 2012. However, only 7 percent of this figure would be paid for – advertizing would end up making game developers richer.
This transition towards mobile devices could also encourage the development of more complex games with multi-platform compatibility, all thanks to the cloud. In addition, the increasing storage capacity in mobile devices would also encourage users to download more games.
However, Juniper says that this wouldn’t necessarily banish the likes of Wii, PS, and Xbox, even if their sales could see a drastic decline by 2017. Social and casual games would be the most downloaded kinds of games.… Read the rest
The number of virtual games continues to increase with each passing day. And the number of gaming aficionados only continues to increase, spanning all age groups. But in today’s day and age when our smartphones and tablets are becoming our exclusive support for all things work and entertainment, does it really make sense to bother investing in a gaming console anymore?
Sure, Nintendo launched an upgraded version of its gaming console, the Wii U, a few months ago, and Sony recently unveiled its brand new PlayStation 4. But most of us love gaming on the move, instead of playing games cooped up within the confines of our room. Gaming consoles make the concept of gaming a lot more restrictive – you can’t take your game with you to work or to college, and you certainly can’t play a PS4 game during your commute.
Not to mention, gaming consoles are awfully expensive – and we don’t just mean the initial investment when buying the console itself. You then have to continuously spend a lot of money every time you want a new game.
But when it comes to smartphones and tablets, getting access to new games takes literally just a few seconds. And of course, it costs a lot cheaper too. Not only that, gaming on your mobile device is something you would end up doing far more frequently in comparison to gaming using a console.
Given that the gaming market consists mostly of casual gamers – people who are into gaming as mere entertainment, the advent of mobile devices could potentially drag down the demand for gaming consoles. For you as a consumer, gaming on your tablet or smartphone is far more convenient and pocket friendly. And now even more so, given that most of the mobile devices can connect to large screen HDTVs to give you a much better gaming experience too.
So, do you still think you want to burn your pockets for a PS4 or a Wii U?… Read the rest