Sony’s Play Station 5 and Microsoft’s Xbox Series X were recently launched and are now expected to boost TV sales globally.
The TV industry has a great year
According to TheElec, citing analytical agency Omdia, the TV industry will have a great year when many new consoles buyers will also opt to upgrade their TVs, as the set-top boxes support higher resolutions and frame rates.
The previous generation consoles, PlayStation 4 and Xbox One, launched in November 2013. Since their launch, console sales have grown 32% in 2014 and the TV market has grown 5%. That said, before the launch of both consoles in 2013, TV shipments were falling.
Omdia predicts that game console shipments will grow more than 30% next year.