I think it’s safe to say that gaming is a big business by now. There’s a lot of money to be made in the industry, if you play your cards right. And it looks like 2014 and beyond is going to be a gangbuster year for those companies that make it.
Research firm DFC Intelligence is expecting “major” growth in 2014, and they’ve forecasted that by the end of this year, game revenue will clock in at $77 billion in comparison to the $68 billion of 2013. Leading that ludicrous sum total will be sales of the PlayStation 4 and Xbox One, which according to GI International, will see 100 million combined units sold by 2020.
Adding even more greenbacks to those totals which now have me questioning if I’m in the right job right now, is the forecast that 2018 will see a profit of $96 billion thanks to the “core gamer spending more than ever.”
The firm believes that the PlayStation 4 will be the leading platform throughout this generation however, with “price and strength in Europe” giving the Sony console a slight edge.
Moreover, PS4 could easily become lead platform for Western and Japanese developer / publishers.
Don’t expect those new-gen console to get a price cut anytime soon though, as the firm’s David Cole explained that it would be a while before some discounts appeared:
We modelled price cuts into that but we think they are going to happen fairly slowly and there are likely to be more bundles versus just a straight price cut. We think they will do their best to maintain a solid price point.
2020 is exactly too far off for a conservative estimate. The previous generation lasted a good couple of years, and the current crop of consoles have enough hardware in them to easily last another six years or so before a new generation kicks off.
Either way, someone in the industry is bathing in money right now. Lucky bastards.
Last Updated: February 12, 2014
TiMsTeR1033
February 12, 2014 at 12:08
I see this happening only with the PS4, the Xbone I see somewhere around 40 million or 60 at most.
Brian Murphy
February 12, 2014 at 16:01
They said 100 million combined units, but I agree with the larger point, PS4 will probably hit 100 million lifetime.
DrKiller
February 12, 2014 at 12:08
We going to have the same consoles till 2020??
*calling Samsung*
Please keep my 4k TV for another 6years
Umar Reborn
February 12, 2014 at 12:09
The Wolf of Osaka lol
Hammersteyn
February 12, 2014 at 12:24
I would love to go through your anime collection
Umar Reborn
February 12, 2014 at 12:31
Haha, pity you not in CT man, once I get more online savy , can setup a p2p maybe
Hammersteyn
February 12, 2014 at 12:36
Sweet
TiMsTeR1033
February 12, 2014 at 12:10
How far the Xbone has come, lets take a look back to the past.
http://i.minus.com/iBzvb2JSpQN… never mind flipping link is dead!
Hammersteyn
February 12, 2014 at 12:22
Dead like Kinect?
TiMsTeR1033
February 12, 2014 at 12:14
I shall leave this here as a reminder
http://i1.kym-cdn.com/photos/images/newsfeed/000/645/119/f08.gif
Hammersteyn
February 12, 2014 at 12:22
Goku is an expert at using his finger it seems.
TiMsTeR1033
February 12, 2014 at 12:29
Chi Chi must be a happy wife.
RinceandLeSIGH
February 12, 2014 at 12:24
I raise you 🙂 http://media.heavy.com/media/2013/05/tumblr_mljgyeHGPd1s5v18xo1_500.gif
Hammersteyn
February 12, 2014 at 12:25
LOL he scratches his butt while fighting
RinceandLeSIGH
February 12, 2014 at 12:31
He’s hiding the PS4’s sales forecasts for the next 6 years 🙂
Hammersteyn
February 12, 2014 at 12:23
I said it yesterday and I will say it again. The PS4 might be better than the PS2
RinceandLeSIGH
February 12, 2014 at 12:23
Big claim, I LIKE IT!
TiMsTeR1033
February 12, 2014 at 12:38
not Might it WILL be better and sell more consoles.
RinceandLeSIGH
February 12, 2014 at 12:23
100 Million sales in Headsets?
Hammersteyn
February 12, 2014 at 12:23
200 million in adapters for those who have headsets.
TiMsTeR1033
February 12, 2014 at 12:40
Finally a look back to the past, lets remind ourselves about the Xbox one
http://static.gamespot.com/uploads/original/1510/15104833/2425334-0128820886-xbox-.gif
Willem Swanepoel
February 12, 2014 at 13:08
lol so we wont see a new console before 2020… interesting 😉
Outer Limits Pta
February 12, 2014 at 17:17
LOL I already have a PC that eats both for breakfast. 2020….BWHAHAHAHAHAHA!
(And I do also own a 360 and ps3)