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New report says game spending down in 2011

Wednesday, 29th June 2011 22:55 GMT By Andrew Groen

A new report from industry analysts predicts that consumer video game spending will be down compared to the previous year.

The report was published by a company called Newzoo, and said that industry is headed for a US$21.6 billion year which is down compared to last year.

They also predicted that the game industry is headed for a modest amount of growth in 2012 of about 3%. The increase they say will be due to a stabilized or even declining console market offset by a rapidly expanding handheld, mobile, and social gaming market.

Newzoo has a large infographic available on their website with all of the video gaming financial information you could ever want.

The results are based on three years worth of data from the US National Gamers Surveys.

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7 Comments

  1. Moonwalker1982

    Not for me, i will spend lots of money on games near the end of the year, lots.

    #1 3 years ago
  2. Bloodyghost

    Hardcore are spending more.

    But here is a solution. NEW FUCKING SYSTEMS!!!

    #2 3 years ago
  3. Phoenixblight

    @2

    Well we have 3-4 more years and its the summer which usually has a decline in spending. You would see the same thing with new systems too.

    #3 3 years ago
  4. Bloodyghost

    @3 Summer or not, with new console ANNOUNCEMENTS at least, we would see a climb as the result of a announcement of such volume would make way to a big price drop in current systems.

    #4 3 years ago
  5. Phoenixblight

    @4

    That’s an E3 thing and since we are past E3 we won’t hear anything for a year.

    #5 3 years ago
  6. IL DUCE

    Yeah…not to mention only one really big multi-platform game came out this year if you consider LA Noire, if not no real major blockbusters have come out…maybe consider some console exclusives like KZ3 or inFamous 2 which don’t sell as much since they’re only on one system…and you had Dragon Age II, Dead Space 2, Crysis 2, Portal 2, maybe consider less well rated games like Brink and Homefront that are decent sellers…they still don’t compare to last year where you had Mass Effect 2, BioShock 2, Bad Company 2, Red Dead Redemption, Heavy Rain and God of War 3 all in the first half of last year…so its almost a given that its down right now

    But let’s see…come Fall/Winter you’re going to have Gears 3, Halo Anniversary, Uncharted 3, MW3, AC: Revelations, Arkham City, Forza 4, Battlefield 3 and whatever else you want to toss in there and its going to be a huge second half of the year so I wouldn’t be so quick to predict a decline in yearly totals…

    #6 3 years ago
  7. IL DUCE

    And how could I forget, Elder Scrolls V as well…

    #7 3 years ago

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