With the current generation of video game consoles starting to age, game developers were expected to have an unimpressive harvest in 2004. Instead, game-software sales were up about 9% through November, according to industry estimates. And in response to the better-than-expected results, stocks in the sector thrived.But with the next generation of consoles expected to debut in the coming year, developers might not be so fortunate. Software sales often have withered during past console transitions while development costs have mushroomed. Although industry executives have promised to do a better job of tending their businesses this time around, analysts disagree about how 2005 will turn out.
Game Makers Brace for Console Cycle
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