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Forums - Gaming - I don't get why we can't just co-exist peacefully!?

ps4tw on 02 December 2013
MTZehvor said:
ps4tw said:
Figgycal said:
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer

Because the consumer has a choice - hence competition.


lol why you acting as if though you need to buy a console. If they dont like it they wont buy it so the customer drives innovation with their wallet. 

Most of the consumers in this market do want to buy a gaming console, however. Without competition, a company can merely re-release the same product with little to no innovation without fear of another company coming in and stealing their sales. Some customers will likely choose to buy no console over an overpriced, non-innovative one, but the big thing that drives economic innovation in any field, not just video games, is competition.

There's an interesting slideshow about the amount of deadweight loss created by monopolistic firms (or really any imperfect competition). The sole firm selling these consoles will be an almost complete price setter. The firms in the market now are certainly not perfect examples of price takers, but they're much more constrained by how much they can charge and how much they have to innovate as opposed to how they would be without competition.


Want, not need, so their want dictates innovation, whereas need would allow companies to exploit a necessity. 



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MTZehvor on 02 December 2013
ps4tw said:
MTZehvor said:
ps4tw said:
Figgycal said:
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer

Because the consumer has a choice - hence competition.


lol why you acting as if though you need to buy a console. If they dont like it they wont buy it so the customer drives innovation with their wallet. 

Most of the consumers in this market do want to buy a gaming console, however. Without competition, a company can merely re-release the same product with little to no innovation without fear of another company coming in and stealing their sales. Some customers will likely choose to buy no console over an overpriced, non-innovative one, but the big thing that drives economic innovation in any field, not just video games, is competition.

There's an interesting slideshow about the amount of deadweight loss created by monopolistic firms (or really any imperfect competition). The sole firm selling these consoles will be an almost complete price setter. The firms in the market now are certainly not perfect examples of price takers, but they're much more constrained by how much they can charge and how much they have to innovate as opposed to how they would be without competition.


Want, not need, so their want dictates innovation, whereas need would allow companies to exploit a necessity. 

....yyyyeeesssss...

No one here is claiming that the American population will die out or something if there's no video game consoles around. All of this has to do with people's desires.



justinian on 02 December 2013
Dr.Grass said:
Weaklings like you are the reason great men flourish


Great quote. Logged to memory.



TSNFLD on 02 December 2013
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer


Are we talking about the same customer who buys the new Call of Duty because it has a handful of new guns, new skins, new maps and new kill streaks just to play the same game they have been for 7 years in a row? That's not innovation. Without good competition little innovation will really occur.



Predictions! By the end of 2014... PS4: 15 million +, Wii U: 12 million, XOne: 9.5 million! 

zuvuyeay on 02 December 2013

because we need ad revenue

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ps4tw on 03 December 2013
MTZehvor said:
ps4tw said:
MTZehvor said:
ps4tw said:
Figgycal said:
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer

Because the consumer has a choice - hence competition.


lol why you acting as if though you need to buy a console. If they dont like it they wont buy it so the customer drives innovation with their wallet. 

Most of the consumers in this market do want to buy a gaming console, however. Without competition, a company can merely re-release the same product with little to no innovation without fear of another company coming in and stealing their sales. Some customers will likely choose to buy no console over an overpriced, non-innovative one, but the big thing that drives economic innovation in any field, not just video games, is competition.

There's an interesting slideshow about the amount of deadweight loss created by monopolistic firms (or really any imperfect competition). The sole firm selling these consoles will be an almost complete price setter. The firms in the market now are certainly not perfect examples of price takers, but they're much more constrained by how much they can charge and how much they have to innovate as opposed to how they would be without competition.


Want, not need, so their want dictates innovation, whereas need would allow companies to exploit a necessity. 

....yyyyeeesssss...

No one here is claiming that the American population will die out or something if there's no video game consoles around. All of this has to do with people's desires.


exactly, we are talking about consoles not healthcare



sales2099 on 03 December 2013

I agree, every console has their own turf. There is a good chance Xbox wills till hold NA, albiet by a lesser margin then last gen.

PS4 gets Europe and the 3ds takes japan.....because console sales don't matter there as much as it used to (let's be honest here).

Problem is, you have a ton of fans from one camp that don't live where they are supposed to :P. AKA Sony fans living in NA. They SHOULD just move to Europe where their opinions are part of the majority and they can all revel in their like-mindedness. But alas, not everybody can uproot their lives based on how much a video game console sells lol

So that's why there is war.....you have fans living where their gaming opinion doesn't apply as much as they like it to :)



Xbox: Best hardware, Game Pass best value, best BC, more 1st party genres and multiplayer titles. 

 

MTZehvor on 03 December 2013
ps4tw said:
MTZehvor said:
ps4tw said:
MTZehvor said:
ps4tw said:
Figgycal said:
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer

Because the consumer has a choice - hence competition.


lol why you acting as if though you need to buy a console. If they dont like it they wont buy it so the customer drives innovation with their wallet. 

Most of the consumers in this market do want to buy a gaming console, however. Without competition, a company can merely re-release the same product with little to no innovation without fear of another company coming in and stealing their sales. Some customers will likely choose to buy no console over an overpriced, non-innovative one, but the big thing that drives economic innovation in any field, not just video games, is competition.

There's an interesting slideshow about the amount of deadweight loss created by monopolistic firms (or really any imperfect competition). The sole firm selling these consoles will be an almost complete price setter. The firms in the market now are certainly not perfect examples of price takers, but they're much more constrained by how much they can charge and how much they have to innovate as opposed to how they would be without competition.


Want, not need, so their want dictates innovation, whereas need would allow companies to exploit a necessity. 

....yyyyeeesssss...

No one here is claiming that the American population will die out or something if there's no video game consoles around. All of this has to do with people's desires.


exactly, we are talking about consoles not healthcare

Right, but the demand curve in reference here isn't one that's completely inelastic. There are some people who will purchase video game consoles above the market price as is, and those are the ones who would be affected.



toastboy44562 on 03 December 2013
MTZehvor said:
ps4tw said:
MTZehvor said:
ps4tw said:
MTZehvor said:
ps4tw said:
Figgycal said:
ps4tw said:
dahuman said:
Innovation doesn't exist without competition.


Thats crap as what actually drives innovation is the customer

Because the consumer has a choice - hence competition.


lol why you acting as if though you need to buy a console. If they dont like it they wont buy it so the customer drives innovation with their wallet. 

Most of the consumers in this market do want to buy a gaming console, however. Without competition, a company can merely re-release the same product with little to no innovation without fear of another company coming in and stealing their sales. Some customers will likely choose to buy no console over an overpriced, non-innovative one, but the big thing that drives economic innovation in any field, not just video games, is competition.

There's an interesting slideshow about the amount of deadweight loss created by monopolistic firms (or really any imperfect competition). The sole firm selling these consoles will be an almost complete price setter. The firms in the market now are certainly not perfect examples of price takers, but they're much more constrained by how much they can charge and how much they have to innovate as opposed to how they would be without competition.


Want, not need, so their want dictates innovation, whereas need would allow companies to exploit a necessity. 

....yyyyeeesssss...

No one here is claiming that the American population will die out or something if there's no video game consoles around. All of this has to do with people's desires.


exactly, we are talking about consoles not healthcare

Right, but the demand curve in reference here isn't one that's completely inelastic. There are some people who will purchase video game consoles above the market price as is, and those are the ones who would be affected.

What he's trying to say is there will be dead weight loss. Less consumer surplus and more producer surplus.



Nsanity on 03 December 2013
Figgycal said:
You know people aren't actually dying over this console war right? People ARE coexisting peacefully.

True, but a lot of people are losing sleep.