Nintendo isn't hurting during recession

In tough economic times, the Nintendo Wii sets industry records

Financial trends and news by Chris Caceres
January 16, 2009 | Comments
Short URL: http://vator.tv/n/64f

7477

 When times get tough, people seek escape. Inexpensive and entertaining escape.

Who wouldn't prefer hanging out with friends over sitting alone agonizing over bills.

The recent rise of popularity in the casual gaming experience is perhaps, due in part, to gaming's relatively low-cost entertainment value.   

Sure, video games are an investment. But it's a one-time cost. You purchase a system and a game. Then invite your friends over, and over, and over, and over.  

Forget the one-off concert experience. There's  Rockband.  Forget about going out bowling. There's Wii Sports.  When you add all these evenings up, there's quite a bit of cash saved.

It's no wonder the Nintendo Wii set industry records in 2008. Nintendo's Wii, which goes for about $249.99 at Best Buy, sold 10.17 million units in 2008 breaking the previous record of Nintendo's DS which sold 8.52 million in 2007 for most video game consoles sold in one year. More than 3 million Wii's, which sell for a considerably lower amount than Sony PS3's at $399.99, were sold in December alone. According to a report released this week, the Nintendo Wii represented 55% of next-gen home console sales in 2008.  


blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

How does $600 sound to you? Join our Newest Video making contest http://bit.ly/wiBOit
See more
OnRelay - Marie Wold (President & CFO)
There is visual voice mail, and then there is OnRelay's new log integrated visual messaging feature. ...
See more
Nine Startup Tips From Michael Dell (founder of Dell Computers) http://bit.ly/w32Dar
See more
#SiliconValley is becoming more mainstream, with Best Buy Superbowl ad praising tech innovators youtu.be/cavHNSZTyAg #startup
See more
Suggest a Brand name for Sport meets Street-wear apparel and win $100 http://bit.ly/zKZvMc
See more