Console Gaming Continues to Decline: Do You Own a Video Game Console?

The gaming industry is suffering in its console department, according to CNN and that may not change anytime soon--even with the pending release of Nintendo's highly-anticipated Wii U. As recently as September, game console sales have gone down 24 percent. That has lead many industry insiders to say that console gaming is not only in a tailspin, but dying altogether.

For the last four years, console sales have fallen, along with their accessories. Meanwhile, PC games such as Diablo III and World of Warcraft's multiple expansion packs have generated record sales. Take Two Interactive's NBA 2K13 exceeded its sales expectations and that's a console game. Other console games such as Borderlands 2, Halo 4, and various Call of Duty incarnations have also seen good to great sales in recent memory.

The problem is that those are only a select few games for consoles. PCs will always be around and computer gaming has a dedicated, worldwide audience. Additionally, casual gamers may not be purchasing consoles due to smartphones and the basic, yet fun games available on Google Play and The App Store, such as Angry Birds and Words With Friends. We'll see if consoles' fates are sealed with the release of the Wii U later this month and in the coming months when Sony and Microsoft reveal their next-generation consoles.