Analysts Predict Consoles Sales Peak Reached

Thanks to Yahoo News for reprinting the press release regarding financial analysts' predictions that the current videogame console cycle has peaked. According to a spokesman for U.S. Bancorp Piper Jaffray, "We believe spring 2003 marked the midpoint of the current video game cycle", suggesting 2003 "will be the peak year for unit sales of current generation hardware." This may mean leaner times before the next generation of console hardware debuts, predicted by Piper Jaffray for "autumn 2006", and meanwhile, the company is forecasting "...that 22.3 million hardware units will be sold in North America in 2003, a modest increase from 21.1 million units in 2002 and will subsequently decline in 2004 to sales of 20.3 million units as the installed base of video game hardware becomes saturated."

Comments

Re:Leaner times?

[kisrael]

Yeah, and frankly, the decline doesn't sound like that big a deal...I mean, from like 21 million to 20 million? Aw, shucks.

1991

[ElleyKitten]

Super Nintendo had some of the best games ever. Illusion of Gaia, Final Fantasy 3(6), Super Mario All-Stars + Super Mario World...Not to mention the Super Scope. Shooting your TV with a bazooka is just... ok, retarded. I'm done now.

Afterglow

[BeProf]

In other news...

The major console companies all had a post-peak cigarette today. Nintendo was quoted as saying, "Hold me."

Unfortunatly, the lovefest came to a quick end when Sony and Microsoft got into a fight over who would have to sleep in the wet spot.

Re:Smurfs!!!

[spir0]

I said the 80's, not the 1600's... ;)