Japanese game industry’s revenue falls 8 percent

Japanese game industry revenue fell 8 percent in 2011, due primarily to a lack of software hits and a steady decline in a major console game sales.

Famitsu, a well-respected Japanese video game magazine, is reporting the decline in revenue. Hardware sales were actually up 2.4 percent thanks to the Sony PlayStation Vita and the Nintendo 3DS which were released last year. However, software sales fell fell 13.7 percent to way below the average from a year before. This marks a string of years in which the Japanese video game market has seen a decline, according to

While Japan relies on Sony and Nintendo for its gaming needs, the Xbox 360 is still the odd man out overseas, which continues to hurt the Japanese game industry as a whole. The remodeled Xbox 360 and its newest peripheral, the Kinect, are both hits and have had a huge effect on the American market. However, in Japan, the Microsoft machines seem to be an oddity. That makes the market dynamics look a lot different from the western world.

While the western market continues to grow and have a stronger, more stable market in place, Japan may continue to see stats like this in the future.

Here’s are the top hardware sellers:

Nintendo 3DS: 4,135,739

PSP: 1,960,177

PlayStation 3: 1,467,261

Nintendo Wii: 937,451

Nintendo DS: 711,204

PlayStation Vita: 402,794

Xbox 360: 114,075

Screen Shot 2014-03-25 at 2.00.11 PMGamesBeat 2014 — VentureBeat’s sixth annual event on disruption in the video game market — is coming up on Sept 15-16 in San Francisco. Purchase your ticket now to save $200!

GamesBeat is your source for gaming news and reviews. But it's also home to the best articles from gamers, developers, and other folks outside of the traditional press. Register or log in to join our community of writers. You can even make a few bucks publishing stories here! Learn more.

You are now an esteemed member of the GamesBeat community. That means you can comment on stories or post your own to GB Unfiltered (look for the "New Post" link by mousing over your name in the red bar up top). But first, why don't you fill out your via your ?

About GamesBeat