Economy? Unemployment? Bah. The video game industry laughs in the face of such obstacles. Okay, nobody should "laugh" at the seriousness of the matter, but the truth is that despite slow sales in April (when nothing happened, by the way), analysts still expect the industry to excel.

And, according to a recent Reuters article , E3 will help to push the industry forward. It's a return to form; to "glitz," so-to-speak, and Ubisoft chief executive Yves Guillemot believes that unlike the past few years when E3 was a "nonevent," this year will be a "major event." Hudson Square Research analyst Daniel Ernst said video game sales for the fiscal year ending in March hit $28.7 billion, a rise of 13% and higher than the movie industry's take of $27 billion. And although sales of video games fell 17% in April and 23% in March, we have to remind everyone that not a heck of a lot happened in those two months. Besides Resident Evil 5 , we didn't see much in the way of must-have software and with everyone tightening their belts, it was bound to happen. But Billy Pidgeon, analyst at Game Changer Research, believes that in the end, the industry is still healthy and still set to reach new heights. …although a PlayStation 3 price cut announcement at E3 would certainly help. Said Pidgeon:

"The thing that would really boost the industry in this traditionally slow period would be a Sony price cut. That would really help right now. If it doesn't happen, I don't think the industry is in for rough times. I do see that, in the fourth quarter, there will be a return to form."

Global sales in the industry could near the immense $100 billion plateau this year ($98 billion) and break through to $110 billion by the end of 2010. Oh, and I suppose I could've just popped in a generic E3 logo or console pic for this story, but…aren't you happy I didn't? The booth babes are returning to the show this year, after all. 😉

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Qubex
Qubex
11 years ago

Simply massive!!!

Q!

"i am home"

MornelitheVT
MornelitheVT
11 years ago

Blah blah blah….the thing that would really help the industry, is if Sony, Microsoft and nintendo, gave all of their machines away with the purchase of any game.

God, these people suck.

Morne

Nynja
Nynja
11 years ago

FYI… the new PSP Go images revealed that even Sony can make ugly devices. It looks TERRIBLE.

MornelitheVT
MornelitheVT
11 years ago

I honestly don't mind how it looks Nynja…then again, I don't own a PSP either so…ces la vie heh. Btw, I didn't thumbs down you, not sure who did.

Morne

MornelitheVT
MornelitheVT
11 years ago

Thumbs down for having an opinion!

lol

Morne

TheHighlander
TheHighlander
11 years ago

I didn't think it looked all that bad, it kinda looks like they're trying to convey that it's a rugged device that won't break. I've always loved the very solid feel of Sony devices, the original PSP is a case in point, it looks like the top of the case was cut and drilled from a solid block of black acrylic. I think we'd all be better off reserving judgment on how it looks until we have one in our sweaty palms to play with.

Nynja
Nynja
11 years ago

At first glance, it looked like something out of the 80s. Just looked terrible with the silver ring around the d-pad and face buttons. Although, that is the primary complaint. I'll have to see it up close and personal for real judgment. I will say that some of the concept photos surely looked better than the final product.

Something that concerns me is the shoulder buttons. There may be more than enough chafing to make it uncomfortable to play… we all know that chafing is bad, right?

Nynja
Nynja
11 years ago

Oh yea, I don't care about thumbs up or down – especially when it simply involves taste.

TheHighlander
TheHighlander
11 years ago

Not sure about the shoulder buttons, I'm hoping that they haven't moved them to the upper part of the shell since that'll put them much further away than on an original PSP.

psxmax
psxmax
11 years ago

So many games and so little money. Guess I will have to join Gamefly if I want to play them all.

Scarecrow
Scarecrow
11 years ago

So many games I still need to get…
And yes v-games > all other entertainment

Vivi_Gamer
Vivi_Gamer
11 years ago

………

Scarecrow
Scarecrow
11 years ago

It's true

englishgolfer
englishgolfer
11 years ago

sorry ben but….

does the phrase "continues to rise" in the title and the picture have anything in common???? 😉


Last edited by englishgolfer on 6/1/2009 12:58:18 PM

Ben Dutka PSXE
Ben Dutka PSXE
11 years ago

I…what?

Oh.

Of COURSE not.

……

'runs away'

TheHighlander
TheHighlander
11 years ago

Nice to see E3 returning, hopefully the booth babes will be of the same standard as those in the picture, and the fact that the public can't attend will be compensated for by lots of pictures from all those digital cameras folks carry around now…

Catastrophe
Catastrophe
11 years ago

kojima, you lecherous traitor…..

ok jk…. but yeah….

isaya85
isaya85
11 years ago

@ catastrophe
I think its safe to say kojima is saving the good stuff for Sony's conference so we need not worry

Vivi_Gamer
Vivi_Gamer
11 years ago

im more pissed off he continued the story of Raiden than it being on the 360, Raidens story was over, he was reconstructed and settled with his family….. *sighs*

556pineapple
556pineapple
11 years ago

Not necessarily, it could take place between 2 and 4, when he finds and rescues Sunny and all that jazz.

Gotta say my heart sunk just a little when I saw it happen, mostly just for the fact that it's probably not going to look as good, and have less substance as it would if it were on PS3 exclusively. I guess it's a small disappointment in the grand scheme of things. Bring on the Sony conference, I say!

psxmax
psxmax
11 years ago

Bring it Sony, fire everything in your arsenal. Wipe everyone else out.

BeezleDrop
BeezleDrop
11 years ago

The new MGS is going to the sexbox as well?

JoshBall
JoshBall
11 years ago

yeh it is, i dunno if it's on ps3 or not, I WANT IT!

Gogaku
Gogaku
11 years ago

What time is Sony's conference tomorrow?

psxmax
psxmax
11 years ago

11:00 AM PDT Live on Gamespot, IGN, Justin.tv


Last edited by psxmax on 6/1/2009 7:23:56 PM

Gogaku
Gogaku
11 years ago

ok, thanks! 2:00 PM Eastern then 🙂