Are Video Games Recession-Proof?
Posted on Thursday, November 13 @ 18:19:46 Eastern by Duke_FerrisYou would think that during a financial crisis, with looming bankruptcies, foreclosures, and rising unemployment, people might cut back on video games. But the numbers are out, and so far, they're up.
NPD Group released the figures through the end of September (or Q3 as we fancy people like to call it) and while the numbers were down 21% in Japan, in the U.S. game sales were up by 8% and up by 15% in the U.K..
Of course, the holiday season may still be down, but these results clearly show that people are skimping on other luxuries before video games.
Add to that the announcement I received from Sony today saying that they sold 190,000 PS3's in October, a jump of 56% over last year, and 2.3 million games, up 200% over last year.
Nearly 30 new titles were launched for PS3 in October, including first-party exclusives such as LittleBigPlanet, MotorStorm: Pacific Rift and SOCOM: Confrontation and third-party blockbusters including Dead Space, Guitar Hero World Tour, Midnight Club Los Angeles and Fallout 3.
I guess when you compare a (good) game to a movie, your money-to-entertainment ratio is actually exceptional. Especially games with strong multiplayer content, or huge replayability, like Fallout 3, Gears of War 2, or Little Big Planet.
If you get 100 hours of enjoyment out of a game, that's only 60 cents per hour.
Either that, or newly-jobless people now have a lot of time to play games.
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