Video Games are very popular in today’s society. Just in the month of November alone, there was an estimated 2.7 billion dollars spent on video games. There are many different video game systems on the market today and most of them have been successful. The two biggest video game systems are Xbox and Play Station. But with the economy were it is today, video game sales are slowing starting to decline from previous years.
In October, there was an estimated 19 percent decrease in software accessories sold from the same month last year. Anita Frazier believes that this month will help video games sales a lot. Her reasoning behind this is because of the holiday. November and December are always the two biggest months for video games sales. The recession cut into flexible spending and there were fewer hit game launched than in 2008. Call of Duty Modern Warfare 2 brought in an estimated 550 million dollars over 5 days. This was a record in sales for any video game every made. The most popular video game system right now is surprisingly the Nintendo. With the Nintendo Wii and the Nintendo DS this company has had overall good success. Software sales are down 3% from last year and sales of accessories re down 6%.
Video games are very popular amongst college and adolescents today. I play about 30 minutes of video games a day. The most beneficial part of the article has to do with how much video game industries are struggling with sales and coming out with a profit. I think most companies are having problems today with staying positive and making a profit. This sudden decrease in sales won’t stop video game companies from coming out with new games, and new equipment to better their numbers. That should be the work ethic of all companies. One day I will like to own my own business and I know if my company is ever struggling I will have to do whatever it takes to get it back on track.
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