S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Media

Another Strong Month For Video Game Sales (NTDOY, MSFT, ERTS, TTWO)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

NPD has its data out for the month of August showing another massive month in video game sales.  Game titles and hardware showed roughly a 46% combined gain over August 2006.

The Nintendo (NASDAQ/PK:NTDOY) Wii still took the lead with over 400,000 consoles selling.  The negative part of this is that this represents a 5% sequential decline from July.  And the other downside is that Wii-nies won’t be playing Halo 3 in less than two weeks like every Xbox 360 owner will be.

The Xbox 360 from Microsoft (NASDAQ:MSFT) sold over 276,000 consoles in August after announcing price cuts.  The Xbox 360 crowd is obviously looking forward to this Halo 3 record breaking launch, because even early last month it came out that Halo 3 had pre-sold over 1 million copies of its blockbuster game.

Take-Two Interactive (NASDAQ:TTWO) also won out with its BioShock game title selling 491,000 units.  Shares of TTWO are indicated higher pre-market.  Electronic Arts (NASDAQ:ERTS) Madden NFL 2008 sold 897,000 units.

While the comparables for year over year from 2007 compared to 2006 are strong, you know this is going to set a huge benchmark for 2008 that will be tough to show this same sort of growth.

Jon C. Ogg
September 14, 2007

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

How Investors Are Looking at Halo 3 (MSFT, GME, ATVI, TTWO, BBY)

By now, everyone on earth knows of the launch of Halo 3.  Microsoft’s (NASDAQ:MSFT) Bungie Studios is launching this at…
50 Most Popular Video Games of All Time
Steven M. Peters |

50 Most Popular Video Games of All Time

Video games are a technology-based form of entertainment, with fans eager to advance to the latest, most cutting-edge game. Compared…
Douglas A. McIntyre |

Forget $300 Million Already…Halo 3 Will See $500 Million Very Soon (MSFT, GME, ERTS, TTWO)

Microsoft (NASDAQ:MSFT) has generated over $300 million in sales from Halo 3 titles in the first week alone, with $59.95…
Douglas A. McIntyre |

“Halo 3” Takes XBox 360 To The Moon

New video game "Halo 3" was supposed to give sales of Microsoft’s (MSFT) Xbox 360 game console a leg up.…
50 Most Popular Video Games of All Time
Steven M. Peters |

50 Most Popular Video Games of All Time

Video games have been wildly popular since the release of Atari’s Pong. Since then, video games have evolved at a…
Douglas A. McIntyre |

EA Learns Lesson of Hot Development Turned Failure (ERTS)

Electronic Arts Inc. (NASDAQ: ERTS) shares poor performance stood out even on a down day.  It has worked on a…
Douglas A. McIntyre |

Are Video Games Really Recession Proof? (GME, ERTS, ATVI, THQI, TTWO)

NPD released its monthly video game data showing that December video game spending increased 30.9% from December 2006. What is…
Douglas A. McIntyre |

Sony’s (SNE) Playstation Pipe Dream

Sony’s (NYSE: SNE) PS3 may have a better year in 2008 than it did in 2007. That would not be…
The Best Rated Video Game Ever Released 26 Years Ago
David Beren |

The Best Rated Video Game Ever Released 26 Years Ago

24/7 Insights Metacritic scores can determine the best video games of all time.  The best video games are spread across…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618