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GameStop Predicts New Hardware Sales Will Be Down 10% In 2016

by Dean James

GameStop

The PlayStation 4 continues to dominate its competition with phenomenal sales coming since the launch of the console, with the Xbox One behind, but still doing very well. While these have sold well so far, GameStop seems to think that there will be a bit of a drop off coming this year when it comes to hardware sales.

The further you get into easy console cycle, it can get harder for hardware sales to not fall due to a large number of the market already upgrading, especially when you are two and a half years into the current generation.

A reduction in year-over-year sales is exactly what GameStop’s executive team believes is going to happen in 2016. According to VentureBeat, GameStop held a conference call with its shareholders in which they discussed a number of financial topics.

One of those specific topics was that of both hardware and software sales, where they expect new hardware sales to fall by 10% when compared to 2015. This still obviously means that a lot of consoles will be sold, but not quite at the level of the previous year.

GameStop also predicted that new game sales will see a fall this year, ranging from 5% and 10% down year-over-year, though they do not specify if this means both physical and digital.

One has to wonder if the Nintendo NX could help at all if it does truly come out this year and has a stellar library, but likely it would come too late in the year to really have an impact, especially following the low selling Wii U.

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