The console gaming market is healthier than skeptics might think, Fool contributor Tim Beyers says in the following video.
Gartner projects that the entire video game market will grow 17.9% this year to at least $93 billion, up from $78.9 last year. Console spending is expected to account for $44.3 billion of that, and then grow to $55 billion by 2015, accounting for roughly half of all video game spending.
Meanwhile, this week has brought good earnings reports from Take-Two Interactive (NASDAQ:TTWO) and Electronic Arts. Both companies beat estimates for the third quarter, and look well-positioned headed into next month's console refresh. A growing crop of free-to-play mobile versions of the most popular titles could also be helping to boost demand, Tim says.
Do you agree? Are you playing more console games, or have mobile games kept from you coddling the controller? Please watch the video to get Tim's full take, and then leave a comment to let us know what you think.