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Video Game Industry Sales Reach Record Pace in 2004

Posted By Barry Ritholtz On February 9, 2005 @ 11:22 am In Music,Web/Tech | Comments Disabled

Following up on yesterday’s debate, I wanted to highlite to a few more relevant datapoints:

"The video game industry enjoyed record sales in 2004, despite a
shortage of game consoles over the holiday season, according to figures
released yesterday.

The data from NPD Funworld, a market research firm, showed that
United States sales of video game consoles, portable devices and the
games made for those platforms were $9.9 billion in 2004. That figure
is slightly below the overall sales figure of $10 billion in 2003.
However, the 2004 figure does not yet include sales of games for
personal computers. When those sales are included in a report due in
the next few days, overall sales for the year will be a record, NPD
said.

The 2004 sales include a surge in sales of games for hand-held
devices, which hit $1 billion in 2004, up from $903 million in 2003.

Over all, sales of games for consoles and portable devices was $6.2
billion. Sales of games for personal computers were $700 million from
January through November, with full-year figures expected soon."

This is another example of a new media taking money and time from consumers to the detriment of older media (newspapers and magazines, television and terrestrial radio, CDs, movie theatres, VHS tapes).

>

Source:
Video Game Industry Sales Reach Record Pace in 2004 [1]
By MATT RICHTEL
NYT, January 19, 2005
http://www.nytimes.com/2005/01/19/technology/19games.html


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[1] Video Game Industry Sales Reach Record Pace in 2004: http://www.nytimes.com/2005/01/19/technology/19games.html?ex=1263877200&en=df3ada335ade2118&ei=5090&partner=rssuserland

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