Question

What are the key success factors in the video games hardware industry

Answer 1

Key Success factors in video game hardware industry are as follows:

1) Brand: Brand is one of the most important success factors as it helps a user directly relating the video game to a popular brand. Brands help in creating trust with the reliability of the product with regard to performance which is very important for the video game hardware.

2) Cost: Producing quality high-performance product at low cost helps companies maintain the margin even with fierce competition.

3) Innovation: Graphics, audio, online and offline modes are some of the innovation areas that help companies differentiate and improve products.

4) Reliability: Hardware must be reliable and give high performance to customers which helps in maintaining old customers and getting new prospects through word of mouth.