NEWS - Thursday, October 27, 2005


Analyst Predicts Big Things For Xbox 360

Microsoft’s new Xbox 360 is gathering momentum ahead of its November debut. The console launching the first generation product cycle will break Sony’s market share dominance in 2006, leading with 54% of hardware unit sales. But Sony’s PlayStation 3 will eventually lead in sales that will peak in 2008, according to Kagan Research. “Console sales have declined for two years in a row, but in 2005, with the highly anticipated Xbox 360 slated to hit the market November 22, we expect to see unit sales start an upward climb with a 3% increase over 2004,” said Irina Mulvey, CFA, analyst at Kagan Research. Xbox 360 is expected to roll up sales of 1.6 mil. units in the U.S. by end 2005, forecasts Kagan’s Future of Video Games 2005 databook. By end 2007, Xbox 360 cumulative sales are projected to reach 11.1 mil. units. Sony’s PS3 hits the marketplace in the second half of 2006 and is likely to surpass Microsoft’s Xbox 360 in cumulative sales by 2008. Kagan forecasts 17.9 mil. consoles sold in the U.S. in 2008, with PS3 accounting for 54% of hardware units purchased that year. The third player in the video game console business, Nintendo, is readying its next generation platform dubbed Revolution and will reach the marketplace in late 2006, capturing 19% of the market by year-end. Future of Video Games 2005 also analyzes the following developments. Video game hardware revenue is expected to peak in 2007, as still strong sales of declining current generation console platforms (Sony’s PS2, Microsoft’s Xbox and Nintendo’s GameCube) combine with surging next generation product sales. Total video game console sales (all generations) are expected to climb to $6.4 bil. in 2007, though projected to slip to $5.9 bil. in 2008. Total video game industry revenue – hardware, software and accessories for all platforms – is forecast to peak at $16 bil. in 2007. That’s up from $9.9 bil. in 2004. Sony’s handheld PSP, which reached the marketplace in March 2005 is challenging Nintendo’s handheld line-up in the portable segment. Kagan expects Nintendo to retain a dominant presence in the market. Despite the video game industry’s healthy growth rate, media conglomerates have shied away from corporate acquisitions of game software companies. Video game software for all formats generated $6.2 bil. in 2004 sales.
Source: http://www.kagan.com/

Site Statistics

Registered Members: 52,359
Forum Posts: 725,928
Xbox One Titles: 3,637
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,173
Member Reviews: 10,339
News Articles: 16,080
Screenshots: 35,297
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
2 Replies, 14299 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 31592 Views

Xbox Series X or S
Post by Nato King
5 Replies, 42064 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 34488 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 34664 Views

Xbox one no signal
Post by debrartin
0 Replies, 54474 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 56889 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 49555 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 80418 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 39445 Views

Squad Up
Post by samslophead
0 Replies, 87176 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 65172 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 124142 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 85947 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 105995 Views

© 2000-2021 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics