Valve's Steam Machines Join Game Console War
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Gulf of Mexico Oil Spill May Be Largest Since 2010 BP Disaster
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Smartphones Are Killing Americans, But Nobody’s Counting
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing