Blame it on the economy, or simply chalk it up to a better way of earning revenue, but physical distributors of new video games are beginning to feel some major heat from the scrappy competition. While this mainstay segment still comprises the bulk of sales with $1.44 billion earned in the previous quarter, the combination of digital purchases, subscriptions, downloadable content, social network and mobile games — along with help from rentals and used purchases — now tops $1.74 billion dollars. This news comes from the NPD Group, and while we’re still scratching our heads at the logic of combining second-hand purchases with electronic distribution, it provides a strong indicator of consumers’ changing tastes and preferences (along with their willingness to spend). Does this industry titan simply need a new console or another Call of Duty to maintain supremacy? Perhaps a modest uptick in GDP? Or does this signal the changing of the guard for our favorite electronic pastime? There’s a full PR after the break, where you’re welcome to fire one off in the comments and let us know your take.
[Image courtesy bradleyolin / flickr]
Continue reading Digital video game distribution finds brick and mortar camping, moves in for win
Digital video game distribution finds brick and mortar camping, moves in for win originally appeared on Engadget on Thu, 06 Oct 2011 14:32:00 EDT. Please see our terms for use of feeds.
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Two in three (67%) of US adults have purchased more generic brands in the past six months as a response to the economy, according to results of a June 2011 Harris Poll. This is 8% higher than the 62% who did so in June 2009, but only 3% higher than the 65% who did so [...]
The housing economy is going to be garbage for a long time.
Why? Per today’s new home sales number, months of housing inventory on the market continues to shoot upward. All this needs to be burned off eventually before the market hits equilibrium, and right now things are going in the wrong direction.
The red line on this chart — via Calculated Risk — tells the grim story.
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