Video Game Sales Seen Pausing After Record 2003
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Video game sales soared to a record &#36;18.2 billion last year, but the days of strong growth are on pause as players await a new generation of consoles in 2005 and 2006, a new study showed on Wednesday.
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Wii shortages may continue through this holiday season, according to market analyst Colin Sebastian.
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Sony's PlayStation 3 may be just hitting its stride. Two reports indicate the PS3 is moving upmarket fast, and one of them projects the video-game console could be number two by the end of this year -- and in first place by 2011.
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NEW YORK  - The video game sector will remain one of the above-average growth segments of the global entertainment industries through 2011, with global games spending set to exceed music spending this year, according to consulting firm PricewaterhouseCoopers.
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When the game console will be available here remains uncertain.
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Sony says sales of the PlayStation 3 (PS3) console in the US hit 1.2 million over the Christmas period.
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The Wii continued to lead video game console sales in December, but the Xbox 360 wasn't far behind. Also, the PS3 showed significant improvement.
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Sony Corp.&#39;s (6758.T) $100 price  cut for the PlayStation 3 is not enough to turn the fortunes of  the game console, which has suffered a slow start, an executive  of game software maker Konami Corp. (9766.T) said.
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Investor's Business Daily - Brisk buying of video games and DVDs gave online retailers a leg up this holiday. But while they didn't end up with the lump of coal that offline stores got, their sales growth likely fell short of last year.
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LOS ANGELES  - Sales of video games rose about 11 percent in the United States in November, analysts said on Friday, with two key titles responsible for almost 30 percent of all games sold in the month.
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Sony's game unit said Monday that it had sold 1.2 million PlayStation 3 video game consoles in North America during the key year-end holiday shopping season.
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Video game sales soared to a record  $18.2 billion last year, but the days of strong growth are on  pause as players await a new generation of consoles in 2005 and  2006, a new study showed on Wednesday.
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With next-generation game systems not expected until 2006, the video game industry needs blockbuster games to keep business flowing.
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Just when Sony appears to have turned around its electronics business, another part of its sprawling empire &#151; video games &#151; is dragging down profits.
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Sales of Sony's PlayStation 3 game machine sales totaled 1.2 million in North America during the key holiday season, the electronics and entertainment company said Monday. The performance gave a lift to its Blu-ray video format because the console also works as a Blu-ray player.
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SAN FRANCISCO (Reuters Life!) - Video gamers, finally  emerging from the pixilated haze brought on by last year's  bumper crop of best-selling titles, are now turning their  attention to upcoming releases.
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Shoppers in America spend more than $6 billion a year on video games according to a Software Association survey. Holiday sales bring an extra boost to game