Ian Shepherd, CEO of the big, pruple games retailer GAME, has suggested that consumers are ready for a new swathe of console hardware, and is hopeful that next-gen consoles can revive the retail games market following a disappointing Christmas period.
GAME posted a 17.6 per cent slump in sales over Christmas, which Shepherd concedes may have had something to do with the waning economy and low consumer confidence, but he's hopeful of new technology and confident of the demand for it.
“The weakness in the overall numbers was partly driven by the economy and consumer confidence issues. It was also driven by where we are in the hardware cycle,” said Shepherd to MCV.
“The hardware market was much more negative than the software market. That tells you the industry and the consumer is ready for more innovation there
“Whether it is in the handheld space with 3DS and Vita or in the home space with Wii U – all of that will excite the consumer in coming back to the games market again.”
His comments follow those of UKIE Chairman Andy Paine, who also highlighted social, cloud and mobile tech in his appraisal of 2012:
"The industry looks forward to the continued popularity of cloud, mobile and casual platforms in 2012. And we’re also looking forward to the launch of Sony’s new Vita hand-held and the possible UK launch of Nintendo’s Wii U, both of which have the potential to re-ignite the console market, prior to any announcements concerning successors to Microsoft’s Xbox 360 and Sony’s PS3."