Oh, now maybe they'll get it. You think maybe at that price they were smashing their own demand? It's strange that they don't understand that a systems success starts at the console. Companies will make games for it if there is a large install base, you get a large install base by selling a product to a consumer at a reasonable price. You lower the price, more people buy it, your install base is larger, and companies make games for it. As it stands here in America, it's too expensive to justify the games that are available to it.
Xanadu84 said:
Strictly speaking, the Recession has been over since I believe 2009. We have been in the middle of the recovery for these past few years, though an abnormally long one.
Also, as much as I hate to be condescendingly reductionist, all I could think of saying about this was, "Shocking! Market forces still major force in market activity!"
The recession being over isn't an indicator of increased wealth. By the time the recession officially began, people had been feeling it for years. Now that it's over, people are still feeling it. People were calling it a recession long before it met the official criteria to be a recession. In academic terms, the recession ended in 2009 officially, then in 2010 the NBER ruled it not over and did not have a foreseeable time of it's ending. I'm sure it's over now as we have had some pretty good and sustained growth in their indices (financial market, unemployemnt, etc), but that doesn't mean anything in real world terms. Couple that with the fact that since then, people as a whole, are a lot more careful with their money. It's really quite funny that people believed the video game industry is recession proof, but it has seen a steep decline just last year. Dev houses going under, people getting laid off. This is due to multiple reasons though. One is over saturation of work force, another is over expansion of workforce to unsustainable levels, but people have been simply spending less money on games.
Meh, anyway, I digress. I'm with you. "Shocking! Market forces still major force in market activity!"