RateSupermarket.ca study finds video game systems depreciate an average of $311.95
TORONTO, Oct. 18, 2013 /CNW/ - With a console in 61 per cent of
households, Canada's gaming industry is the third largest in the world
- and with $1.7 billion spent annually, consumers are shelling out to
get in on the action*. A RateSupermarket.ca study finds 37.6 per cent
of respondents allocate a portion of their budget to video games - with
16.4 per cent admitting to buying an average of 15 new games each year.
The ROI Replay
The study illustrates the affordability of upcoming Generation 8
consoles such as the Sony PlayStation 4 and Xbox One, along with their
Generation 7 counterparts. Titled The Cost of Video Gaming In Canada, the infographic depicts an average depreciation of console cost of
$311.95 from launch date to present day, and indicates which new
console offers the best bang for gaming bucks.
"While you can't put a price on fun, consumers may not realize just how
much they're spending on their gaming activities," said Penelope
Graham, editor at RateSupermarket.ca. "We wanted to provide a budget-friendly cheat sheet for savvy
customers looking to purchase their next console, and some easy ways to
save even more on their gaming costs."
Save The Princess… And Some Cash
Try Before You Buy: The average gamer buys 15.4 new games a year, at around $60 a pop -
that's $900 spent annually! Gamers can cut this costs by renting the
latest releases before committing to buying.
Go Pre-Loved: Game prices can be cut dramatically on the second sale circuit. Try a
used retailer like EB Games for the latest used selection.
Patience Is A Virtue: It's tempting to get the latest system, now - but if you can stand
waiting past the launch buzz, you'll often score your system for a
fraction of the cost.
There's Power In Points: If you're frequently shopping for new games, a credit card with
specialty rewards may save you a bundle. A great example is the Sony Card MasterCard® credit card, which earns 2 points on every purchase to be put toward any item at
the Sony Store.
Hit The Clouds For Classics: Systems with cloud based streaming often have access to older favourites
for free. Rather than rush out for the latest titles, why not log an
hour or two for less?
*Secor Consulting Group's Canada's Entertainment Software Industry In
About RateSupermarket.ca (www.ratesupermarket.ca)
Over 3 million Canadians have found their best rate for personal finance
products on RateSupermarket.ca. Launched in 2008, RateSupermarket.ca is Canada's most comprehensive rate comparison site, offering visitors
transparent access to the best mortgage rates as well as credit cards,
bank accounts, insurance quotes and GIC rates.
Image with caption: "RateSupermarket.ca (CNW Group/RateSupermarket.ca)". Image available at: http://photos.newswire.ca/images/download/20131018_C5232_PHOTO_EN_32233.jpg
Image with caption: "RateSupermarket.ca Cost of Gaming Infographic Part 1 (CNW Group/RateSupermarket.ca)". Image available at: http://photos.newswire.ca/images/download/20131018_C5232_PHOTO_EN_32234.jpg
Image with caption: "RateSupermarket.ca Cost of Gaming Infographic Part 2 (CNW Group/RateSupermarket.ca)". Image available at: http://photos.newswire.ca/images/download/20131018_C5232_PHOTO_EN_32235.jpg
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