Diversification of Game Console Applications Creating New Business Opportunities

Market Intelligence & Consulting Institute
August 3, 2006
17 Pages - SKU: MICI1324935
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Since the launch of the Sony PSP towards the end of 2004, the range of applications that game consoles can be used for has increased dramatically. Game console owners can now use these devices to view films, listen to MP3 recordings, or even watch TV programs over the Internet. The next generation of game consoles - including the Xbox 360 and PS3 - will be equipped with Ethernet, USB and memory card slots. These consoles will be able to interact with other devices, enabling consumers to use them for a wide range of entertainment applications. Game consoles integrating multiple functions will play an important role in the digital home. While vendors do not expect these multi-function game consoles to replace the household PC, expanding the capabilities of the game console will lead to an increase in the potential market for these devices, creating new business opportunities for game console vendors and other companies.