Even Video Games can't dodge the Great Recession - RaychelSnr's Blog

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RaychelSnr's Blog

Even Video Games can't dodge the Great Recession Stuck

Posted on July 28, 2009 at 12:43 AM.

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As I posted in my blog earlier today (or yesterday) video game sales have slumped 29% year over year according to the figures released by the NPD group. That means video game sales have joined numerous other sections of the economy seeing over 20% drops in their revenues as American consumers continue to change their spending habits.

Whether this is a long term trend or not remains to be seen. However, it certainly could be bad news for video game developers and publishers. Through the next few blogs I am going to be looking at some of the possible long lasting effects the fundamental change of less sales could bring to video game developers, and how sports games could either benefit or not over the coming years.

I'm by no means an expert economist. In fact there is an inside joke that meteorologists only retain their slight bit of credibility because economists exist in the first place. However, I think the issues which will be presented are real, and could very well have a profound impact on the games we love moving forward. Stay tuned as I look at several categories over the coming week!