RaychelSnr's Blog
As with most every other sector in the economy, consumer spending is a lot tighter than most predicted. Video game sales were down a total of 8% (including software and hardware) while software sales dipped 3%.
The software sales were given a big boost by Modern Warfare 2's launch. The data without Modern Warfare 2, while not available, probably can't look too good. Video game stocks were largely down today, with THQ closing at 4.28 (down 3.6%), and Take Two closing at 7.71 (down .8%). Electronic Arts was a lone bright spot, as it closed positive at 16.44 (up .45%).
It will be interesting to see how companies manage to continue to tighten their belts while taking measured risks going forward in what promises to be a rocky 2010.
# 1
stlstudios189 @ Dec 11
what sucks is that companies will only release set games and sequels this year.
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