| SamuelRSmith said: Throughout most of the previous generations of consoles, there has been a relatively large growth in the size of the market... I believe next generation will buck this trend. This will mainly be down to decline in the general wealth of the populations of the Western world. With rising fuel prices and inflation, the money that we have in our pockets just won't be able to buy as much. Inflation in the UK, for example, was at 4% in March compared to last year... this means that if I would now need £104 to buy what I could have bought for £100 this time last year (in fact, prices since PS3's release in the UK have increased by 14%... and that's only accounting for the reported rate, which is usually much lower than the real rate). Employment figures will also be much worse at the start of the next generation, compared to the previous. We will also be going through much severer austerity measures throught the next 5-10 years. With spending cuts and tax increases, to boot. These are necessary, but painful and will majorly diminish the level of disposable income that the general populace have. Unemployment in the 18-21 demographic, key for the gaming industry, is also really high (over 20% in the UK), and is notorious for being one of the slowest to come back down (employers will rather hire experienced workers over new ones). The austerity measures, coupled with rising oil prices, will mean that a return to recession is much more likely in the future, as well. With all this said, the gaming industry in the Western world is going to take a great hit. I personally make these predictions: The Japanese market will be down 7-10% However, if the console markets keep expanding into new territories - such as China and India, the growth from these countries mean that the overall decline in the market will be reduced. Providing that global growth keeps up, the market as a whole might only decline by about 5-8%, despite the double digit declines throughout the developed markets. |
Bold they're not nesseccary, you should try reasurching things rather than listen to the Government as they're all in it for them selves and 99% of what the say is BS. You should try reading arcticals of this website: http://falseeconomy.org.uk/ Really good source and there's many more like that.
On topic: I personly think that next gen will grow the most as in previous gens we haven't seen nearly as many emerging economies as we are now (Brazil, China, India, Russia [less so but still], Thailand ect.) So good times for the gaming industry, bad times for VGC (more areas needed to cover with more accuracy as higher quantities being sold in harder areas)
