A fresh analysis by the Cowen Group has revealed that Nintendo might not be able to attract new gamers for its gaming console Wii, thereby relinquishing its existing hold on the market.
Doug Creutz, an analyst with Cowen Group talking to Gamasutra, said that Wii owners, who were casual gamers, are purchasing fewer game titles this season where as Playstation3 and Xbox 360 users were planning to buy more.
He added that the core-gamers, who were likely to own PS3 or Xbox 360, will cut games from their budgets as money gets tighter by the day.
The analysis showed that 21 percent of the people who don’t own a gaming console were planning to buy PS3, almost the double the figures for Xbox 360.
It is interesting to note that when Nintendo Wii was launched it had surprised everyone by taking the market by storm. Competing against PS3 and Xbox 360, the console had recorded the highest number of users.
Experts believe that the reason behind this was that Wii was the lowest priced console whereas PS3 was launched with a high price tag of $600. Now that both PS3 and Xbox 360 have slashed their prices, Wii is increasingly finding it difficult to compete in the gaming console market.
Even if punters buy less games, they will still continue purchasing consoles. In fact there is a booming second hand market for games (see Ebay or computer exchange), something that organisations like Charttrack do not record but which are flourishing.