Key Changes in the Video Game Industry Essays - 1659 Words

Key Changes in the Video Game Industry The first wave of home video games was launched nearly 30 years ago. By the early 1980s, this electronic entertainment medium had emerged as a cultural phenomenon, thanks to classics such as Asteroids, Centipede, Donkey Kong, and Pac-Man. The world of video games has, of course, changed drastically since then. For starters, Microsoft, Nintendo, and Sony are now the key players in the console industry, having replaced Atari, Coleco, and Mattel for those top spots. Advances in technology are making game worlds more realistic and interactive than ever before. The result is a new breed of fresh and exciting game genres that people in the early 1980s could only†¦show more content†¦Kids were hooked on games in the arcades and wanted to bring the experience into the household. Nowadays, video games are a big market and throughout the past few years, the industry has boomed into a very large business where big companies like Nintendo, Sega, Sony and Microsoft are fighting to be the best. Because there are so many games for these systems and because it is such a big business, stores specialising in only these games are opening everywhere. The big competition between these companies accounts for the rapid development of computer games in the past few years. Since they keep bringing out new games, they get better and better. Just when it seems that the graphics cannot get any better, the companies will make a new machine which can handle better games. Although new and better systems are coming out all the time, they must stay competitively priced. Already, the systems are expensive with the main consoles retailing for about  £150 in the United Stateswith games costing an additional  £30 each. In Japan, the country where these systems are produced, the video game market is even bigger. In that country, the same systems cost around  £300 with separate games for around  £60. Customers in Japan and the US are lucky because the systems are manufactured in both countries. In countries where they arentShow MoreRelatedCase 11 - Video Game Consoles Industry Discussion1530 Words   |  7 PagesCompetition in Video Game Consoles: The State of the Battle for Supremacy in 2008 DISCUSSION QUESTIONS 1. What are the strategy-shaping business and economic characteristics of the console segment of the video game industry? What is the industry like? The video game industry is the economic sector involved with the development, marketing and sale of video games. It encompasses dozens of job disciplines and employs thousands of people worldwide. 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