Valve's Steam Machines Join Game Console War

The PC game developer takes on Sony and Microsoft in living rooms
Steam Controller

These are perilous times in the console video game business. The industry’s revenue fell 32 percent, to $13.3 billion, from 2008 to 2012 and is forecast to decline again this year, according to market researcher NPD. In August, Nintendo cut the price of its year-old Wii U system, having sold less than 5 percent of the 9 million consoles it aims to sell by next April. With the popularity of cheaper, more portable games for smartphones and tablets, it’s Sony and Microsoft’s turn to prove there’s still a place for consoles as they ready the PlayStation 4 and Xbox One for Black Friday shoppers.

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