Big News #1: Microsoft and Sony released their next-generation video game consoles in time for the holiday season for the lucky few who can find one.
Projected first-year sales according to Omdia:
1) Sony Playstation 5 – 4.6M
2) Microsoft Xbox Series S and X – 3.2M
Fourth-generation console sales, according to IBT:
1) Sony Playstation 4 – 114M
2) Microsoft Xbox One – 49M
Big question #1: What is Mr. Screens doing right now?
Quick answer:
Big question #2: How big is the video game market?
Global video game revenue (YoY growth) according to Activate Consulting:
1) 2016 – $92B
2) 2017 – $105B (↑ 14%)
3) 2018 – $113B (↑ 8%)
4) 2019P – $123B (↑ 9%)
5) 2020P – $133B (↑ 8%)
6) 2021P – $145B (↑ 9%)
7) 2022P – $156B (↑ 8%)
8) 2023P – $171B (↑ 10%)
The chart below (h/t: Matthew Ball) shows the shift from arcades in the 1970s to mobile today.
Top selling game consoles, according to Statista:
1) Sony Playstation 2 – 158M
2) Sony Playstation 4 – 112M
3) Sony Playstation 1 – 103M
4) Nintendo Wii – 102M
5) Sony Playstation 3 – 87M
Podcast: Microsoft’s Phil Spencer on Launching the New Xbox and the Future of Games
More #1: For Microsoft and Sony, it’s all about the games again
More #2: From ‘Fall Guys’ to ‘Among Us,’ How America Turned to Videogames Under Lockdown
