Gloomy outlook for game console sales
C|Net | at | by Mike
Sales of video game consoles are expected to slump until a new crop of machines is introduced in a few years, according to an industry analyst. In an article published earlier this week, Jay Srivatsa, a senior analyst for research firm iSuppli, said console sales have slowed significantly this year, in contrast with the steady growth that has marked the industry until now. He expects sales to be flat for the year and down as much as 10 percent in 2005, when the major console makers start laying the foundation for a new generation of consoles.