Otakumegane said:
That and people are spending their "tech" $$ not on games but more phones and tablets. I do see Western AAA coming down in the not-so-distant future. |
Economy and new direct competition are obviously large contributors. That doesn't change any of the facts, and really reinforces the idea of a looming market crash. Going on 8 billion in revenue losses in a single market and losing billions more in other markets way past a "slight contraction" and it's not stopping. We're in our 5th straight year of significant losses, and that's just North America. Over 50 studioes either closed or experienced significant layoffs in 2012 alone; up from 13 closures in 2011. And we've already heard about several more closing this year along with a major publisher, THQ. EA recently got delisted from the stock market. Square Enix can't seem to catch a break. Capcom can't seem to catch a break. All of this is indicative of a MAJOR market contraction, or at least a rather steady decline, yet the video game industry seems to be in a constant state of denial and keeps believing that the next gen consoles will magically solve everything. News to the industry: It won't. Sure, they'll see a short term recovery, but in the long term, all the issues facing them are still there and blatantly unsolved.
They can't be stopped...
