Xbox |OT|

[KLXVER]

Ryuu96 said:

KLXVER said:

I dont get it. MS has said they have several big games coming this year and Ive bought like 5 games for the Switch already this year with several more in the coming months.

They do but it's not going to be enough to hold up the entire industry. 2023 was amazing and yet...

"Survive 2024" has been the key theme of my convos with publishers and retailers so far this year as well.

Industry spend CAGR has been basically flat since the pandemic, no significant upside room for player/hours growth, costs keep rising. Market's gotta get to GTA6 and hope. https://t.co/v4nAhBKy57

— Mat Piscatella (@MatPiscatella) February 15, 2024

2023 ended like a wet fart, and given everything it had going for it the market should have finished the year with stronger growth and didn't.

— Mat Piscatella (@MatPiscatella) February 15, 2024

Xbox hardware is projected to decline in 2024, PlayStation hardware is projected to decline, Sony has no major sequels in 2024, the 3rd parties don't appear to have anything ground-breaking aside from the usual (CoD, Fifa), no Switch 2 hardware, etc. PS5 Pro is nice but it won't do anything for the overall market, Pro consoles never do, they're targeted at a hardcore smaller audience.

I dont think it will be that bad if we are talking about the industry as a whole. PS5 sells no matter if it gets games or not for some reason. The annual big games will still come. COD, Fifa, Madden, Assassins Creed etc... and the big GaaS games are still going strong. We are also only in the second month of the year, so news of games will start picking up over the coming months.