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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

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.




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.


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