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Despite new console launches in 2013, video game industry struggles

Even with consumers purchasing the Sony PlayStation 4 and Microsoft Xbox One game consoles, the overall video game industry still has a lot of work to do
By: Michael Hatamoto | Gaming News | Posted: Dec 12, 2014 10:45 am
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The video game industry continues to prove to be an interesting nut to crack, with the Sony PlayStation 4 and Microsoft Xbox One game consoles helping lead hardware sales. Game studios, however, have struggled to entice console and PC gamers to spend on more video game titles.

 

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Hardware sales have largely led over software sales since both next-generation consoles launched in late 2013, analyst figures report. However, November proved to be rather confusing, with hardware sales dropping 23 percent year-over-year, totaling $1.01 billion, according to a report from The NPD Group. Video game sales dropped only 2 percent year-over-year, raking in $1.09 billion when compared to previous figures.

 

It's a good time to be a console or PC gamer, especially after Microsoft slashed the price of its Xbox One, and there are plenty of affordable game titles available.

NEWS SOURCES:Cnet.com, Leavcom.com

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