Sony Dominates 2016 Console Market With 57% Share of World Market Value

Gaming News

Console market suffers in 2016 but on course for rebound in 2017

The latest games market research from IHS Markit shows that the console market amounted to $34.7 billion in 2016, down 2.5% on the 2015 total of $35.6 billion. The drop was a result of decreased sales volume for console hardware and a reduction in prices for consoles, including Sonys PlayStation 4 and Microsofts Xbox One. World console hardware spending in 2016 fell to $10.5 billion from $12.8 billion in 2015.

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