Press release: 1994-12-29: For the second month of the three-month holiday season Sega holds lead in 16-bit market and claims first overall industry title
From Sega Retro
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Original source: The Free Library
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 29, 1994--Seeing its competitors continue to lose momentum, Sega of America Inc. captured its second straight monthly market share victory for the digital interactive entertainment industry's all-important holiday selling season. According to NPD Research's TRSTS report for the month of November (the most recent reporting period), Sega of America holds a 53 percent share of the 16-bit video game segment. The 16-bit segment is the most important and best-selling component of the overall video game category within the larger industry. This means Sega is assured of overall victory for the segment, category and industry for the entire holiday season. Sega now enjoys 55 percent unit share of all 16-bit systems, calendar year-to-date through November. Importantly, trade reports through mid-December show that Sega Genesis (TM) increased its lead over the competition as Christmas approached. Despite dramatically increased competitive spending and new product introductions on the SNES game systems, Sega continues to lead the industry. "We've said that our great Genesis software line-up, an affordable 32-bit upgrade unit, and the leading color portable system would make Sega the best choice for consumers this year. Consumers agreed, and they voted with their pocketbooks," said Tom Kalinske, president and chief executive officer of Sega of America. Sega of America is the arm of Tokyo-based Sega Enterprises Ltd., responsible for the development, marketing and distribution of Sega products in the Americas. Sega Enterprises Ltd. is a nearly $3.5 billion company known as the leader in interactive digital entertainment media, with operations on five continents. CONTACT: Manning, Selvage & Lee Christopher Kingry/Lee McEnany, 818/509-1840 COPYRIGHT 1994 Business Wire No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.