The IDC expects game consoles to grow 10% in 2013 & 19% in 2014
Gaming consoles had a rough year in 2012 as sales reached 34 million units, a 24.4% decline from 2011. Research firm IDC believes that sales will rebound in 2013 and 2014, however. It is predicted that with the Wii U and the rumored launch of Microsoft’s next-generation Xbox console, consoles sales will increase in 2013 by 10.1% to 37.4 million units. Sales are expected to further increase in 2014 to 44.6 million units, representing growth of 19.1%.
“2011 and 2012 were tough for many console game disc developers and publishers,” said Lewis Ward, research manager of IDC’s Gaming service. “With the advent of eighth-generation consoles, starting with the Wii U, historical norms strongly imply that game disc revenue will stop bleeding in 2013 and rise substantively in 2014.”
Sales generally increase in the years following new hardware. With the newly released Wii U and the rumored launch of next-generation consoles from Sony and Microsoft (MSFT), the console gaming industry will see more success in the years to come.
Now that China has lifted the ban on game consoles, I can only wonder how hungry the people will be. Nothing drives sales like telling a whole contry they can not have game consoles and then lift the ban. I suspect the consoles will sell like hotcakes.