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.
[Source: technology.ihs.com ]