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3. An overview of the home videogames industry

3.1 Overview of the market

The videogames industry, including hardware and games, was worth between $15billion and $20billion worldwide in 2000. North America, Europe and Japan are the three most important markets for home videogames.
It is the games, which drive console sales. The variety and quality of games available for a console are the key purchase criteria for console buyers .

The industry is also characterized by a generational nature. Every generation has its cycle, and when it is over, another generation arrives to replace the old one. In each generation, consoles are introduced to compete against each other, and in general most of them have the same technical capacities. Once new technology comes up, it is a new generation and companies offer new machines and compete again every four to five years. The tradition in the industry is that the generations are classified according to the improvement in Bits. Although...

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Title: Mr.
Approximate word count: 1140
Approximate pages: 5 (250 words per double-spaced page)

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