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Videogame hardware and software sales declining, time to roll out some new consoles?

Tim Stevens
02.18.11
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There was a time when you couldn't go three years without having to shell out $300 for the latest and greatest videogame console, something with mind-blowing graphics and slight refreshes of the games you'd already bought twice before. Those days are past, with the Xbox 360 over five years old and the PlayStation 3 four, yet neither having any replacements in the wings. Perhaps this is partly why videogame hardware sales are declining, down eight percent in January compared to this time last year according to NPD. Software sales are meanwhile down five percent and we're hearing reports that Mario is falling behind on payments for his Mediterranean villa. Maybe it's'a time to downsize, big guy.

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