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- Console gaming is no longer the dominant force it used to be.
- Analysts report that US console sales in 2024 were at their lowest in the last 8 years.
- The PlayStation and Xbox user base is also expected to be 20 million behind its last-generation counterpart by next year.
The console gaming market has been through a slew of changes recently. Between third-party releases, more open ecosystems, and a greater focus on active players, the market has never been more different.
This seems to have been a direct result of the stagnating console sales lately. In fact, a new report reveals that console sales hit an all-time low in the US last year when looking at data from the last 8 years.
Why it matters: These figures raise questions about the future of consoles in the rapidly evolving gaming industry.
According to a report from The Game Business, around 12 million consoles were sold in the US last year. This figure is significantly lower than the average sales of consoles during the last generation.
Moreover, analysts expect the discrepancy between PS5/Xbox Series S|X and PS4/Xbox One sales to continue growing further as the years go by. Currently, the two consoles are behind by about 14 million units, but this gap is expected to grow to 20 million by next year.
Admittedly, the Xbox Series S|X’s declining popularity is mainly to blame for the growing gap between the last and current generations. However, analysts believe that the future is not the brightest for consoles, even when taking this fact into account.
PC gaming is also growing further with each passing year, and the fact that most console exclusives are now available on the platform has likely left a dent in unit sales.
On the plus side, the Nintendo Switch 2 is showing a lot of promise. With upcoming releases like the Super Mario Galaxy Bundle and Metroid Prime 4, the console segment could still bounce back in a major way.
Anyhow, it is certainly interesting to see console evolution, or lack thereof, over the last few decades.
Do you still think of consoles as the predominant platform for gamers? Share your thoughts in the comments below, and visit the Tech4Gamers Forums to stay updated with the latest news.
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[News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than three years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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