Tuesday, March 11, 2003
Posted by Roberto
6:47 PM
0 comments
GLOBAL VIDEO GAME SALES ARE PROJECTED TO GROW NEARLY 10% IN 2003
The sale of video game and so-called "edutainment/reference" software would grow 9.5 percent in 2003 for a total revenue of $18.5 billion (from $16.9 billion). In Europe, sales of video games and entertainment software are expected to top $6.3 billion this year, exceeding the $2.7 billion video game and DVD rental market, according to ScreenDigest.
Despite the global economic malaise, the popularity of video games continues to soar, a stark contrast to the music industry, which is having increasing difficulties selling compact discs. Major music labels are expected to suffer through a fourth straight year of declining CD sales, blamed in part on rampant piracy.
Sales of new video game consoles:
2003: 32 million (estimate)
2002: 30 million
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