It may sound a little backwards, but whenever new video game hardware is released, the last-generation consoles typically continue selling well.
There are a number of reasons for this: the older consoles are cheaper, they're home to a larger library of games and they're almost always easier to find. Despite the fact that they're no longer the shiny new machine, the lifespan of older hardware doesn't end just because its successor has been released.
Or, that's how it used to be, because according to GameStop, the Xbox 360 and PlayStation 3 just aren't selling as well as anyone thought they would.
Is it a sign that GameStop just isn't as popular as it used to be? Far from it - if anything, the gaming retailer is doing better than ever.
So, are the old consoles officially dead and gone? Not quite yet...though that time may come sooner than previously expected. There's still a market for the older machines out there, that's for sure, but the time of the Xbox 360 and PlayStation 3 is quickly coming to an end. As they say: out with the old, in with the new.
Photo: Mike Mozart | Flickr
Be sure to follow T-Lounge on Twitter and visit our Facebook page!
