Video Game Sales Slump Again in November - RaychelSnr's Blog

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RaychelSnr's Blog

Video Game Sales Slump Again in November Stuck

Posted on December 10, 2009 at 10:19 PM.

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It appears the news just can't turn positive for video games.

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.