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November videogame sales: bad


Hellfire

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"Nov Video Game Sales Data To Be 'Surprisingly Bad' - BoA

 

Wednesday, November 30, 2005 9:07:30 AM ET

Dow Jones Newswires

 

NEW YORK (Dow Jones)--Banc of America analyst Gary Cooper believes November video game industry sales data, due out after Friday's close, will be "surprisingly bad."

 

Cooper expects sales to be down at least 30% from year-earlier levels, following declines of more than 24% in both September and October.

 

He thinks Activision's "True Crime" and PlayStation Portable hardware sales will be a major disappointments. Other disappointments might include the supply of Xbox 360 hardware, Electronic Arts' "Need for Speed: Most Wanted"; Activision's "Tony Hawk: America Wasteland" and "Call of Duty: Big Red One"; and Take Two Interactive's sports games.

 

Meanwhile, Cooper recommended investors buy THQ Inc. on the belief the games maker's main titles have met expectations, and games retailer GameStop on weakness"

Source: Dow Jones Newswires

 

So one could say this is kind of what Nintendo said would happen. It happened in UK, it's happening in Japan and it apparently happened in America during a very exciting month (Mario Kart, Mario & Luigi, 360,...). Of crouse that this kind of thing does happen once in a while, still, it's worth thinking about it.

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