Tech In Asia), the Japanese game industry reached a value of $4.6 billion. While software sales actually declined 1.2 percent to $2.8 billion, hardware sales climbed 5 percent to $1.8 billion.
Despite the growth, Japanese companies like Sony, Nintendo and Square Enix are all dealing with internal problems. Square Enix is predicting an "extraordinary" loss as it undergoes restructuring under the leadership of a new president, while layoffs have hit its American branch. Meanwhile, Nintendo recently slashed its hardware sales predictions, though it still expects a profit on the back of a weak Yen. Finally, Sony is working to stem four years of losses by any means necessary, including the sale of its New York headquarters and a Tokyo office building.
[Christina Negoita via ShutterStock]