Week 2 EOC: Boston Consulting Group - Video Games

What I believe is that when it comes to video games and consoles, I feel that it is heading down hill. According to the Wall Street Journal in 2009, "videogame sales plunged by a record 29% year over year, according to market-research firm NPD Group. Meanwhile, sales of consoles such as Microsoft Corp.'s Xbox 360 and Nintendo Co.'s Wii plummeted 38%". (WSJ.com). With that being said, it is now 2013. I am sure it tanked a little more than what it was in 2009. Though a new game that came out Grand Theft Auto 5 has broke many Guinness world records. Such as, "best-selling video game in 24 hours" and "most viewed trailer for an action-adventure video game, confirm the phenomenal success of Rockstar Games’ premier title". (http://www.independent.co.uk) This game has broken many barriers and it gave the other gaming companies to step up their game. Now going into the holidays, they now have the XBOX ONE and the Playstation 4. They both are coming out sometime in November and competing with each other. I am certain that those two consoles will the most things bought during this holiday. Everyone on the planet will want to have some of that, not to mention those needy kids that want all the latest and the greatest. If you take a look at the chart here (http://www.ign.com/wikis/xbox-one/PS4_vs._Xbox_One_vs._Wii_U_Comparison_Chart)