And how consumers can benefit
If you've been paying attention at all this year to the video game market, it has been somewhat bleak. A lot of companies are in the red, especially Nintendo, so what can we expect for the holiday shopping season?
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Video games, though once considered a "recession-proof" industry, have finally started to feel the effects of the global financial crisis.
Then, compound that with the fact that we're in the fourth or fifth years of the current console generation. Since the days of the original Nintendo NES system, that has always been the point when interest starts to fade away and new consoles come in to reinvigorate things.
Obviously, this generation is extremely different. The PS3 and Xbox 360 are trying to bill themselves as future-proof.
Of course, video game Black Friday deals are usually worthless. This year is a bit different because of the recession factor and because Nintendo is struggling to gain attention.
So, I do predict you'll see some good Wii and DS deals, but the PS3 and Xbox 360, which are on a growth swing right now, will likely be a black hole.
Either way, video games will sell very well this holiday season like they always will. All the players really need this to pay off more than usual, though, so you might see some deals that are better than usual.
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Black Friday 2010 Deals will be here sooner than you think. Get your research done now to score the best deals on TVs, Laptops, Phones, GPS, Blu-ray players and other gadgets as soon as they become available. For the hottest Black Friday deals and complete coverage of the biggest sales event of the year visit our Black Friday 2010 Hub.