Adjusted for inflation
Adjusted for inflation
So the point of this is what? New consoles are expensive, it doesn't matter if something that came because it was more expensive or not.
Just because I have something worth $700 and something worth $1,400 doesn't mean the thing worth $700 isn't expensive.
And keep in mind, everything to do with electronics has only gotten cheaper in time. What's more accurate is that the perceived value of a console nowadays is relatively lower than it was in the past. Could be rose-tinted glasses, could be that the majority of console releases just don't warrant a commitment to a particular console etc.
So if they cost one dollar each, but the price where rising for the last few years, they would be?
Socrates is a duck kinda logic.
Wouldn't buy into that graphic, without a source, that at least tries to defend it's point. Could be done by anyone and by anyone I mean "person who doesn't know how to calculate the inflation adjusted prices correctly."
Buying power isn't a constant. For that reason, that inflation adjustment only serves one purpose: Compare two different goods; Buying power simply falls out of the picture.
What it does not enable one to do: Compare the price of a good to itself over the years and make assumptions about how cheap/expensive the good is.
Last edited by Ronin; 09-14-2012 at 06:03 PM.
There should probably be a source for the graphic.
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The problem is that the meaning of this measurement is degrading, since we actually spend less and less on stuff that goes into it.
Since we know that the ratio of the money we spend on food is falling and this shows a further decrease in comparison to food, I would say that the assumption of a nationwide fall of the prices of the devices compared to total buying power went down and they are more easily affordable,
I also think that the theory of this effect being a result of falling chip prices in general very plausible.
Statistics are actually depict a development that is even more drastic if you actually think about affordability, even though it lacks some depth. I would assume that the number of units sold per household would be a better estimate, though it wouldn't be as intuitive and "blog-able".
It would be more interesting for the consumer anyways, to compare, which consoles are falling in price quickest, to see who is actually driving the market and also ofc this drags in the old debate of "which is better" on technical terms.
Last edited by Ronin; 09-14-2012 at 10:32 PM.
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Basically what I see from this graph is that the WiiU gets Bayonetta 2 as an exclusive, then massive amounts of people start complaining about it being overpriced.
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