CES 2007: Sunny Forecast for Games Industry

***wraggster*** · January 8th, 2007, 22:57

via ign

Today, the Consumer Electronics Association forecasted a significant revenue increase for the electronics industry as a whole in 2007. With year-end electronics revenue at $145 billion for 2006, the CEA expects to see 2007 pull in more than $155 billion.

The CEA also predicts that the videogame market will see a 23% revenue increase in 2007, taking in $16 billion. This prediction is largely due to the brisk sale of next-gen consoles during the 2006 holiday season.

What's this mean for you, the consumer? Not much, other than the ability to throw these stats back in the face of anyone who questions your obsession with gaming. "Mom, this is a $16 billion industry, so back off!"

The CEA sponsors the Consumer Electronics Show, currently in full swing in Las Vegas.