Week 2 EOC: Boston Consulting Group - Video Games

Videogames have been going down in business because of technology nowadays. We have everything on our phones, television, we don’t really need anything else since our smartphones have the same games, maybe not in the full versions, but it’s satisfying. And it is also way better for our parents since they don’t have to spend extra money on games, or consoles. Which is a big benefit for them since xbox, playstation’s, wii, nintendo’s and specially all the games we would want are all up there. The games are $40 and higher. The consoles are $400 and up. The turnabout is rippling out to companies such as online retailer Amazon.com Inc. Last week, Amazon blamed weak quarterly results from its media business on a decline in videogame sales. Nowadays we have ipads and tablets which we can take anywhere we want, just put in a bag or purse and keep walking. The millennials are very tech-savvy and also like things to be easy. If we were to spend a night at a friends and would like to take our xbox or playstation it would be more trouble, since it’ll be disconnecting the console, bringing the remotes, the games you want to play and all the cables. While the videogame industry had hopes of posting double-digit revenue growth this year, analysts now predict flat to 5% growth from $11 billion in 2008. Then connecting them again when you get there and disconnect it again when you leave and connect it again when you get back to your house. With a tablet and/or ipad, you just need the charger and that’s it.