U.S. gaming sales growth expected to slow in 2008

moneybagsReuters is reporting on comments from the Consumer Electronics Association stating they’re expecting the U.S. video game industry sales growth will decline in 2008.

The CEA is predicting that the overall U.S. gaming industry sales will hit $17.9 billion in 2008, up 13% from 2007. That compares with a 22% increase from 2006 to 2007.

Now that all of the major gaming consoles have been introduced and established in the U.S. gaming market, console sales are expected to level off, while gaming software is expected to push the U.S. gaming industry sales. The CEA is predicting that software sales will hit $11.5 billion in 2008, which is up from $9.1 billion in 2007.

Jennifer Bemisderfer, CEA spokeswoman, said, "Software [in 2007 had] phenomenal growth, riding the wave of hugely successful title launches such as Halo 3, Guitar Hero III and Rock Band. In fact, the focus for 2008 will be in the software category, where CEA estimates a 26% increase in sales over 2007."

So buy those games folks!


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Author: GamerNode Staff View all posts by

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