Financial Issues and Market Trends Article

So there’s an argument if the Gaming consoles will be here in next 5 years or not….Well let’s see what we conclusion we get:

There’s no denying that Android and iOS gaming have become quite popular over the last few years, and gaming PCs are now strong enough to outclass Sony or Microsoft’s next consoles. This means that if the three major console makers hope to succeed this coming generation, they will have to learn to adapt in a rapidly changing market. The current generation of consoles saw the beginning of this transition. Applications for Netflix, along with Xbox music and other media apps, have turned gaming consoles into media centers. Nintendo recently went a step further with their TVii app, which gives families an incentive to use their Wii U while watching regular television. Gaming is still considered a sub-culture, so it is important to give each member of a household, whether they’re a gamer or not, a reason to desire a new system.

Unlike generations past, consoles no longer compare to high-end gaming PCs. With it being impossible to keep up in terms of power, consoles must continue to focus on their unique features. But some of the major aspects that give the consoles an extra edge are the motion sensors (Xbox Kinnect, PlayStation Move etc). They have revolutionised the gaming experience but according to personal opinion, they have not enhanced or made the gameplay experience better that much. Regardless, Microsoft is rumored to release their next console with the Kinect 2, a revamped version of their current product. While the Kinect wasn’t used to its full potential this generation, the technology behind it still fascinated consumers. Keeping it as a mainstay will lure more buyers into considering the next Xbox, if only to experience this technology. Sony’s next system has been rumored to feature a “share” button, which will focus on social networking. A feature like this could perfectly capture the “social generation”, making sure Sony stays relevant.

Nintendo’s own eighth generation console features its own social network, the Miiverse, as well as a touchscreen in its main controller. It will soon be known whether this was enough for it to compete with Sony and Microsoft this coming generation.

So what’s the future of Video Games Consoles?

Even though consoles cannot be upgraded like PC’s and will inevitably become outdated, they are still very important to the gaming industry. One of the biggest features and draws of video game consoles are the exclusive games. This being said most major games are tailored to run on video game consoles. Since most major games are built to run on consoles then video game consoles are really setting the standard for what systems all video games are being built for. Having new consoles not only affects the capabilities of the consoles themselves but it also affects the types of games that are released on PC as well. Sony and Xbox do plan to release their next generation consoles i.e PlayStation 4 and Xbox One, respectively. So, I think this would be a huge advantage for the Console companies because people are definitely going to buy and experience something new that the console companies promise to provide.

So, I reached the conclusion that games consoles will be here in next 5 years. The next generation consoles will definitely give them a new height but in order to maintain their footsteps on the ground, they’ll have to bring up something revolutionary to compete with high-spec PC’s and the Cloud gaming.