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Vodacixi on 22 April 2020
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cycycychris said:
Vodacixi said:
You guys are not taking into account the fact that the COVID-19 is gonna have a huge impact in the economy of many countries. The IMF (International Monetary Fund) forsees consequences of a magnitude not seen since the last international crisis (the great recession of the late 2000s). In fact, it could easily be even worse than that. Some people are claiming it will be similar to the 1929 crash (although that seems a little far fetched to me...). Many people are gonna lose their jobs, prices of necessary goods are gonna increase and in general, people will have less money to spend in unnecesary things like videogames.

Now the Switch (and the videogame market in general) is doing great because the consequences are still to be felt and being always at home, entertainment products are in a rise. But when everything is set and done... I think sales are gonna take a noticeable hit.

While I agree with that your theory make sense that a bad economy in the coming months will hurt sales. But at the same time I think the 7th gen consoles and handheld showed that even in a recession video games and console still sell.

No can really know if that'll translate this time around. But last recession, the video game market flourished. The market is different today though, so can only wait and see.

I strongly believe the situation we are about to live (again, the worst is yet to come) will be very different from what we saw in the late 2000s. The general loss might be similar, but the way it affects people will not be the same. I suspect this is gonna have a very negative impact in the average videogame consumer.

I might be wrong. I cannot say for sure. But taking into account that the services sector (which is composed by mostly young adults) is gonna get absolutely rekt with entire months of no activity whatsoever and a predictable weak activity from the point the quarantine is over until a vaccine is released... many people interested in videogames are gonna either lose their jobs or have a hard time finding one that allows them to keep gaming.

But we'll see.