Originally Posted by megajesus
Families and individuals are just now moving towards a low grade HD TV (720p) and if they already have it many are still watching SD media. He is exactly right, previous gen hardware is perfectly acceptable for the console market. A console market moving too fast with its focus on releasing new expensive hardware, instead of software, all the time is going to flop.
The console market is moving too fast? Until this last generation, we got new hardware every 5 years, not the 10 years they have tried to stretch it to.
The problem isn't the hardware, the problem is the attitude of publishers that they have to spend millions of dollars on Triple A titles for every release. Then because they do that, they have to sell more copies to make a good enough profit. And the gaming market is only so big. At least the people that buy Triple A titles. Now the casual gaming market is huge, which now the smart publishers are realizing again (after all, this is how the gaming started in the first place, with low budget releases from small companies) that it doesn't take millions of dollars to make money.
Console hardware has to improve, or no one would buy them. Here is my guess what would happen if they did NOT put out new consoles (PS3, Xbox 360 & Wii are the last generation). After another year, consoles are dirt cheap, Nintendo Wii would be around $75, with the other 2 $125 or so. And yet they would not be doing that good. Gamers are moved onto the PC, where gaming has taken a big increase due to the modern hardware in the PC's and what the PC can offer game wise, compared to the consoles of last decade. Tablet & Phone gaming will be big, doing more sales then all the consoles combined.
Then we'd be discussing what would of happened if Sony, MS & Nintendo had not given up on new hardware and continued to make consoles.
Plus this isn't just about new hardware to these companies. For example MS isn't trying to provide us with a gaming console, the Xbox One is a Set Top Box first. It's their direct line into your living room, complete with a microphone & video camera they control. So they can target ads at you, even though you are paying them for their Xbox Live Gold service. All the data they collect on you (that you are paying for with Xbox Live Gold), they sell for money. Sony is just as evil, except they are from a more polite society that hasn't quite made it to the "let's install spy devices" in your living room stage. Nintendo looks like Mr. Rogers compared to those 2.
Console market is actually moving too slow compared to history.