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January 5, 2012 09:23 pm GMT

Overview: Japans Video Game Market In 2011 (Sales, Hardware, Software)

nintendo-misty-pink-3ds-pressJapan's video game industry is the world's second biggest (after the US), but it's on a downward streak for the fifth consecutive year. Based on sales, the country's video game industry has contracted by as much as 8% year-on-year, Japan's biggest gaming magazine Famitsu is reporting [JP].Between December 27, 2010 and December 25, 2011, Japanese game companies generated US$5.9 billion in sales. The Famitsu says that sales from hardware makers actually went up 2.4% (thanks to the launch of the 3DS and PlayStation Vita) to reach US$2.3 billion. Software revenues in Japan dropped 13.7% to US$3.6 billion last year.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pQJ3Xvdl2SQ/

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