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Games Outsell DVDs For The First Time
The gaming sector has experienced strong hardware and software sales while many other consumer electronics sectors are swirling around the toilet bowl but the latest research shows that games have outsold DVDs [and Blu-ray] globally for the first time. According to market watchers, Media Control GfK International, games accounted for 53% of the $61bn 'global packaged media commodities' sales in 2008. DVD and Blu-ray sales accounted for 47%. And it's no fluke either as the company expects games to account for 57% of the pie in 2009. Sales of videogame software topped $32bn in 2008, a jump of 20% over 2007. On the other hand, DVD and Blu Ray Sales dropped by 6% to $29.8bn. The two key reasons for the shift in balance..... ...are the enormous success of the Nintendo Wii, while the home movie market is being stalled by the very slow transition from DVD to Blu-ray. The US market drove the global decline of DVD sales, with combined DVD/Blu-ray sales falling by off by 8%, compared to a decline of just 3% in Europe and 4% in Asia. The US share of worldwide sales was 43% in 2008, down from 45% in 2007. The US market is 3 times bigger than the UK, the second biggest marketplace. Have you spent more on games than movies in the past year?-Martin Lynch games movies dvd blu-ray
Tags: gadgets gadget