Japanese Games Market Grows for the First Time in 5 Years - News/ 3,311 Views
The Japanese video game market grew by 1.2 percent to $4.6 billion in the fiscal year 2012 which ended on March 31, 2013. This comes from a report on Tech in Asia using data released by Tokyo-based game magazine Enterbrain. While 1.2 percent in growth is small, it is a good sign for a market that has shrunk on a yearly basis for five straight years.
Hardware sales increased by five percent to $1.8 billion due to the release of the Wii U, the new 3DS model, and price cut for the PlayStation Vita. However software sales decreased by 1.2 percent to $2.8 billion.
The social game market has been estimated to have been worth $4.3 billion in 2012. This makes that market just $300 million behind the regular gaming market. The social game market grew faster than the regular game market in 2012.