Console Games Aren't Going Anywhere

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 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.

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The article Console Games Aren't Going Anywhere originally appeared on Fool.com.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Take-Two Interactive. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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