This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Even Sony's Playstation Now Can't Kill Retro Video Games

Stocks in this article: SNE MSFT GME

For now, that leaves gamers with options including the Playstation Network, Xbox Live, the Nintendo eShop's Virtual Console and Valve's Steam -- none of which include streaming among their functions. All of them, however, require a console -- or in Steam's case, a computer -- to store and play downloaded content and to access and play cloud-based games.

None of that has posed any real threat to retro gaming, despite tons of older titles being available in their original and upgraded high-definition form on those various networks. If retro gamers wanted versions of Konami's Teenage Mutant Ninja Turtles IV: Turtles In Time for arcades and the Super Nintendo Entertainment System, Capcom's Duck Tales for the Nintendo Entertainment System or Technos' original Double Dragon, they had plenty of online access to them through various consoles and devices.

But that assumes the games are all that old-time gamers value, and that's a gross underestimate of their dedication. There's a reason arcades are not only flourishing in some parts of the U.S., but making a comeback in both their original incarnations and as beer-and-cocktail-fueled adult playgrounds. There's a reason grown human beings still scour eBay, Goodwill, Craigslist, garage sales and pawn shops looking for old favorites and rare titles. There's a reason gamers still find ways to keep their old Sega Genesis and Nintendo 64 consoles up and running.

Nostalgia, you say? Eh, maybe a bit, but even that isn't enough to keep an entire niche alive in the face of continued digital and online encroachment. Carmen Nobel, an alumnus of TheStreet who now writes for Harvard Business School's Working Knowledge, this month called attention to Harvard Business School professor Ryan Raffaelli's research on the Swiss watch industry. Foundering amid the "quartz crisis" of the 1970s, when Japanese watchmakers including Seiko and Casio nearly drove high-cost mechanical watchmakers into extinction, Swiss watchmakers redefined their product as a luxury item to survive.

As Nobel notes, Raffaelli's Swiss watch model is but a "recent resurgence of independent bookstores, a renaissance of streetcars in numerous urban city centers, and the revival of several seemingly archaic products including the fountain pen and the vinyl record." That last example continues to find success not only as a nice seasonal or regional product, but as one of the few areas of the record industry that continues to thrive.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs