RolStoppable said:
European countries have run programs to secure employment and keep people paid, so ultimately only a single digit percentage of the population could be seriously affected, and it's probably going to be a small single digit percentage at that. The financial crisis of the late 2000s didn't have a significant negative effect on video game sales and said crisis lasted a lot longer than the current corona crisis where the cause for uncertainty is clearly identified and can be dealt with much faster. The USA isn't handling it as well as Europe, but the video game market should be fine nonetheless. The biggest danger for the video game market is a potential valley in demand that is caused by people being happy to be allowed outside without any restrictions again. More appreciation for that freedom is going to be detrimental for video game sales, but I don't expect a prolonged valley because it won't take long until said freedom is perceived as nothing special again. After this valley (which may not even happen), sales will be back to what they would have been without impact by a crisis. Switch sales will be good because the console is in the middle of its life, PS4 and XB1 sales will be sluggish because they are approaching the end of their lives. Or to put it in other words, the question here is whether or not the current net plus in console sales will be erased in the near future. I don't see it happening. Perhaps a small dent, but most of those corona gains will remain throughout the rest of this year. |
I hope you´re right man. I really do.
