How much money do you spend on video games? Are you one to buy pretty much every single new game that comes out? Well, according to recent studies, you aren’t alone. The study of focus was done by investment firm Piper Jaffray who say that 8% of teen budgets are spent on video games. Also according to the company, those teens make up 35% of all US video game players.

We’re not going to ask you to calculate the percentage of your budget that you spend on video games, but about how much money would you estimate you spend yearly on them? Let us know in the comments.

via cvg

If you’ll recall, late last month we gave you a look at the top 10 most expensive video game budgets of all time. Well, it seems that God of War 3 would have come in at a close 11th place according ot recent reports.

Director of production development, John Hight has said that God of War III cost the studio $44 million to develop. This may seem like a lot but according to Hight it was “right within budget”. He then went on to tell us that the work was done by 132 staffers, up from about 60 that worked on the previous title.

Since God of War III‘s March 16th release date is just around the corner we’ll have to wait and see if sales will top the budget.

via joystiq

Okay so one day after I blogged that there is finally supply to satisfy the demand for people looking for Nintendo’s Wii console, news comes out that the price will be raised in England. Why? It is simple economics. To balance the demand, prices will be raised to help control the supply.

On a business aspect, this sounds logical. But for consumers, it may draw varied criticism such as possibly looking for other game consoles that fit their budget. When the Wii ran out, you can bet a lot of people have been saving up until the game console would be available. But now, they raise the price?

Also, add the aspect of economic problems playing a part in this. The price tag needs to be adjusted to justify the cost in producing them hence another excuse for the Wii to become more expensive than before. You can just look at the depreciating economy as an accomplice to these developments.

Nintendo doesn’t expect the people to understand. It’s a business move. With the risk of possibly slowing down on sales from demand certain to occur, you may see people shying away or perhaps waiting for such time when the price is lowered once again. The only question is when.

(Source) JustPressPlay