Ever wondered why at the local Toys R Us, the Nintendo Wii still sells out in 15 minutes even though a shipment of 20 or so come in every other week? Why the Playstation3 was sold for over $4,000, on eBay, more then 6 times its value? Or why Microsoft is adding seemingly irrelevant upgrades to its Xbox 360?
Well here’s the answer, the Future of Gaming is here.
What people must realize is that the Video Game Industry is no longer a baby, or even a high school student. If you take in consideration of early consoles, such as the original Nintendo NES’s release in 1985, then the Video Game Industry is like every ambitious and young, recently graduated 22-year old college student looking to a buck in the world; and this is exactly what is happening.
The original generation of gamers, who grew up loving classic games such as Pong and Pac-Man, are now the generation that currently populate the world, no longer needing to listen to their parents of how a Sega Genesis is way too expensive, let alone a $599 60-MB Playstation3. Instead of just appealing to the younger generation like before, the video game industry now has twice the audience to appeal. Twice the audience equals twice the size of the market which means big $$$ for Microsoft, Nintendo and Sony.
If you wondered why a big hot shot company like Microsoft spends so much time in a seemingly small industry or why Nintendo Corp’s stock doubled within the past year, you now have the answer. Before the dream of video game makers was for it to become one of America’s pastimes, well now it’s not only America’s, but it is also for many other countries’ kids, teens, young and middle adults today. Come dip into video game industry investments, the water is fine.
This article was written by Jonel Cordero, owner of Grocerteria Networks [http://www.grocerteria.net]. Check out my Squidoo lens on Video games on [url not allowed]!