Random_Matt said:
Soundwave said:
The PS3's $600 launch price is $950 in today's dollars ... give your head a shake if you're comparing a $499.99 Switch 2 that includes Mario Kart World to that.
This is no where close to that.
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Well then, the cost of living crisis is all nonsense then and the Switch 2 will sell 150m. The inflation argument is way too simplistic, the large majority of people spending power is so much lower today; plenty of peoples wages do not keep up with inflation. The small minority of people on the internet are so devoid of reality it makes me laugh, perhaps obtain a job within politics.
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Actually, maybe an economic crisis would be good for the video game industry. History has shown that economic crises tend to favour the dedicated video game industry. And this dates all the way back to the crash of 1987.
But for some recent numbers we can test this against, the Great Recession and the Coronavirus recession.
In 2021 - the video game industry enjoyed a boost from about 40 million sales to 50 million sales, and then 48 million in 2022. On top of that, the biggest enemy to this period wasn't a lack of demand, it was a lack of supply. While Switch was selling a ridiculous amount, it was doing so while supply constrained, and the PS5 was selling ridiculously high on Ebay.
In 2008, millions were losing their homes and unemployment was on the rise (about double what it is today), but the video game industry almost doubled hardware sales volume - according to VG Charts, 89 million current gen video game consoles sold (100 million+ including GBA and PS2 which sold 3 and 8 million respectively), and 82 million in 2009. The two highest selling years in video game history, and it's not even close. The continually sold out Wii was selling for about 620-650 USD on eBay most of these two years, but as high as 900+ during the holiday season.