Video Games: $60 for Titles on its Way Out?

(Ping! Zine Web Hosting Magazine) – Have a popular gaming console such as a PlayStation 3 or Xbox 360 but don’t have many new games to play? If so, you’re not alone. A $60.00 price tag for just released titles including Call of Duty Modern Warfare 3 is just too unaffordable for many consumers, especially in an economy still in recovery.

However, the console market could eventually experience a shift following the rise of popular smartphone and tablet devices that allow users to download gaming applications for only a dollar or just a little over, at least according to a report from Yahoo!’s Rich Greenhill.

Without a doubt, being able to download a title as an app for just a couple bucks seems much more appealing than actually going to the store to pick a console game up for a whopping price than may cost up to thirty times that.

It is, however, important to distinguish between casual gamers who are more likely to play mobile games as compared to the bigger game fans who pick a plethora of the console titles. The availability of inexpensive mobile and social networking titles no longer forces the casual gamer into the console market just to play something for a bigger price. That’s where a decline in sales could originate.

Cited in the article were statistics from research firm NDP Group showing an eight percent decline pertaining to in-store video game purchases during the course of last year. The most popular of titles (Halo, Madden..) are still doing very well. However, according to Greenhill, it’s the ones he describes as “mid-tier” that are receiving the brunt of sales losses.

With better pricing of increasingly popular titles on mobile devices and social networks, it’s no wonder console games are taking a hit. The only question is: Will game publishers eventually cave in and adapt to a shifting market? To view Rich Greenhill’s articles, visit here (games.yahoo.com).

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