Media
Video Game Sales Hammered Again In November (TTWO)(ERTS)(SNE)(MSFT)
Published:
Last Updated:
The holiday shopping season and price cuts are not helping video game sales. November figures from industry research firm NPD show sales of software and consoles in the US dropped almost 8% to $2.7 billion.
The Nintendo Wii picked up some of its lost momentum. Its sales figures in October were unusually poor for the market leader. In November, the company sold 1.26 million Wii consoles.
The Microsoft (NASDAQ:MSFT) Xbox 360 sold 819,500 million units followed by the Sony (NYSE:SNE) PS3 at 710,400. Price cuts made by the companies two months ago do not seem to be stimulating demand, but they may have hurt margins.
Software sales were helped by record shipments of the new “Call of Duty Modern Warfare 2” game. But, weak sales and a poor forecast from Take-Two Interactive (NASDAQ:TTWO) and very modest earnings from the top video game company Electronic Arts (NASDAQ:ERTS) highlight the fact that video game sales have not recovered beyond the success of one or two blockbuster games.
This holiday selling season is the only chance that the video game industry has to recover from its worst year in memory and that recovery did not materialize in November.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
