
While overall video game sales were down last year just under a billion dollars ($18.6 in 2010 vs. $17.02 in 2011) Microsoft manages to come out on top. Xbox sales, including consoles and games, came in at
$6.7 billion dollars. This puts MS in the enviable position of taking in 40% of all the 2011 sales. Not bad for a 6+ year old gaming console! To date there have been over 57.6 million Xbox 360s sold worldwide.
While the downward push on sales is most likely caused by a sluggish economy, there is no denying that part of the slow down is being caused by a saturation of consoles in the market. Several analysts are saying that both MS and Sony will be revealing their next-Gen consoles at E3 this year and while they say that every year (really, they do) I think it might actually happen this year. A 10 year life-cycle is something nice to tell investors but the gaming public is looking for some new tech to push the envelop more with better graphics, loading times, stability and perhaps a quieter machine. Nintendo has already announced their next console so the first shot has already been taken. We'll just have to wait and see I guess.