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Japan’s video gaming market slid in 2008 some 15.3% compared to 2007 figures according to Enterbrain. The industry brought in a bit more than $6.25 billion dollars. According to Enterbrain, the decline in the market is most likely attributed to a lack of new console launches as opposed to the waning global economy. In 2007, the market was greatly bolstered by the late Q4 2006 launch of the PS3 and Nintendo Wii; the effect of which was felt throughout 2007. However, this theory fails to accurately explain the 7.9% drop in software sales. In 2008:
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