Xbox One, PlayStation 4 outpacing Xbox 360, PlayStation 3 sales

It looks like console gamers are having fun with the Microsoft Xbox One and Sony PlayStation 4, as both next-generation game consoles outpace their predecessors. Since both consoles launched in November 2013, both consoles have a 73 percent higher installation base, than the Xbox 360 and PS3 over the first year of introduction for both consoles.

As the United States economy continues to recover, Microsoft, Sony, and Nintendo hope to see gamers spend more on gaming hardware - and new game titles - as hardware companies, game developers, and retailers are finding success.

During its Q3 financial earnings call, GameStop reported new hardware sales rise 147.4 percent, with thanks largely to the Xbox One and PS4. The gaming market is very much alive and well, and with numerous anticipated game launches in 2015, gamers will have plenty of new titles to choose from.