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Why do consoles take so long to release?
The reason it takes so long for a new gaming console to be release is because it takes 3–5 years for the console hardware to become profitable. The manufacturers want to see a return on their investment, so the existing console remains on the market until the desired revenue goals are met.
How long does it take for new consoles to be available?
Depending on the system’s success this can be anywhere between six months to two years (unless it’s a Nintendo Switch). By this time the library is more diverse, with more must-have gems that make better use of the modern tech. Older games are cheaper too.
Why are the new consoles so hard to get?
Supply chain bottlenecks, chip shortages and scalpers (folks who snap-up multiple consoles to resell online at huge markups) have made it a struggle to get hold of the Xbox Series S… and nigh-on impossible to buy the more powerful Xbox Series X.
How long does it take to build a gaming console?
Sony reported that as of July 18, 2021, 10 million PS5 units had been sold through, making the PlayStation 5 their fastest-selling console unit to date.
Why are there so few PS5?
All these shortages in semiconductors have dramatically slowed down the production of PS5 and Xbox Series X and S consoles. The slowdown in production has caused the scarcity we now experience. It has been so bad that to date, nor PS5 neither Xbox Series X has been able to meet the ongoing demand since launch.
Why do video game companies sell consoles at a loss?
One reason why companies sell the consoles at a loss initially is to lure customers into buying them and then try to make up for the losses through each game sold, as well as online subscriptions. Also, as more and more units are manufactured, the costs eventually decrease due to economies of scale.
Why did the PS3 take so long to break even?
While the Xbox 360 earned a profit per console a year later, it took the PS3 quite some time before it began to break even . One reason why companies sell the consoles at a loss initially is to lure customers into buying them and then try to make up for the losses through each game sold, as well as online subscriptions.
How did Sony’s eighth generation console sales have changed?
With the eighth generation gaming consoles, which began with Nintendo’s Wii U launch in December 2012 followed by Sony’s PS4 and Microsoft’s Xbox One a year later, Sony has managed to drastically reduce its loss per console while Microsoft is posting higher losses per console. Even the Wii U is now selling at a loss.
How long do Xbox 360s last?
In its second year, Microsoft added Xbox Live, an online gaming platform that made the Xbox the console to get to play against your friends who lived out of town. Lifetime: 8 years excluding the end date. Reportedly in development since about half-way into the Xbox’s life, the Xbox 360 looks like both a hit and a miss in hindsight.