Jun 29, 2011

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U.S. Consumers to Spend $21.6 Billion on Games in 2011

U.S. Consumers to Spend $21.6 Billion on Games in 2011

A published report by market research firm Newzoo predicted that Americans will spend $21.6 Billion on games this year. While this is slightly lower than last year’s total CEO Peter Warman expects things to go up in 2012.

“We expect console game spending to seriously recover in 2012 pushing the overall market back to growth. But that year will also witness App Stores and Cloud Gaming making a serious attempt to conquer the living room TV screen,” said Peter Warman, Newzoo CEO. “A new battle for the biggest screen is about to begin and will involve all big names from the digital space as well as exciting newcomers.”

So while console gaming might be down this year mobile and digital downloads seem to be up, which could be the reason the overall sales figures are down. Digital downloads and mobile games are usually much lower in price compared to console games. Still even though the numbers could be down this year, $21.6 billion is a ton of money being spent on games just within the U.S.

[Source: gamesindustry.biz]