March 2nd 2024.
Final Fantasy 7 Rebirth has been making waves among gamers lately, quickly rising in popularity and securing a spot among the top games of the moment. And with the PlayStation 5 selling over 50 million units, it's safe to say that the gaming industry is thriving right now.
But let's not forget about the Nintendo Switch, which has been selling like hotcakes and has now become the second most popular home console of all time, pushing the PlayStation 4 down a notch. These impressive sales figures for the Switch have definitely impacted Sony and Microsoft, but when we look at the overall success of consoles this generation, we can't discount the significant contribution of Nintendo.
Many have argued that Sony and Microsoft can't simply rely on making cheaper games with lower graphics, as that won't appeal to existing gamers. At the same time, some have pointed out that Nintendo's decision to step away from the graphics race was a smart move and has played a role in their success. However, this argument doesn't quite add up. While there is certainly a demand for high-end AAA games, there is also a sizable audience that enjoys games with simpler graphics.
The rising cost of game development has been a concern for publishers, with many accusing them of not doing enough to find solutions. But the truth is, they have been exploring various options such as episodic content, focusing on established franchises, increasing game prices, producing AA games, remakes and remasters, cross-platform releases, and even live service games. However, there is no one-size-fits-all solution, and it will likely take a combination of these strategies to mitigate the increasing costs and sustain the industry in the long run.
It's important to recognize that modern gaming is not the dinosaur here; it's the mindset of some gamers who only want to play AAA games with 8K resolution, 120fps, and for a low price. Times have changed, and so have the expectations and preferences of gamers.
But enough about the challenges of the industry, let's focus on the good stuff – the games! Last year, we were treated to a fantastic lineup of games, and although this year may not look quite as promising, it has already delivered some amazing titles in a variety of genres. From Tekken 8 and Final Fantasy 7 Rebirth to Like A Dragon: Infinite Wealth and Prince Of Persia: The Lost Crown, there's something for everyone to enjoy. And that's not all – we can also look forward to upcoming releases like Helldivers 2, Apollo Justice: Ace Attorney Trilogy, and Ultrawings 2, as well as remastered versions of Tomb Raider and The Last Of Us Part 2.
Despite some setbacks, the gaming industry is still going strong. While there was a slight decrease in revenue in 2022, it bounced back with a 1% increase in 2023. In comparison, the 1983 crash saw a decline of 12%, 30%, and 46% in successive years. And with a projected 9% annual increase in revenue over the next three years, it's clear that the industry is evolving and adapting to changing times. The fact that Sony may not be very communicative, Nintendo has its own unique approach, and Microsoft is still trying to find its footing doesn't really matter in the grand scheme of things. At the end of the day, what matters most is the abundance of great games available to us, both old and new.
So, let's not get caught up in the politics and speculation surrounding the gaming industry. Instead, let's focus on what truly matters – the games and the joy they bring us. As we eagerly await the new releases and the future of gaming, let's appreciate the present and continue to look forward to all the exciting experiences that await us.
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