Thursday, June 27, 2002
The Economist: Console wars "Global sales of games will total $17.5 billion this year, predicts Goldman Sachs, comparable to the film industry's box-office takings and catching up with sales of music CDs (see chart 1). According to one forecast, sales of games will overtake CDs in Europe in 2005. Console sales are expected to exceed 45m this year, bringing in another $8.7 billion, predicts Shawn Milne of SoundView Technology Group, a San Francisco investment bank. In short, the games industry is now a big part of the entertainment business."