Console video game sales down 20 percent last month in U.S.
U.S. retail sales of console video games fell 20 percent in September, but are seen rebounding at year-end due to the upcoming Xbox 360 launch. I believe this is just the calm before the storm. Game makers and the gamers have their eyes focused on the next generation consoles, so this is not a suprise.
Sales of video games for consoles are expected to have fallen to $365 million in the United States in September from $458 million a year earlier, Wedbush Morgan Securities analyst Michael Pachter forecast in a client note. Video game sales have slowed as consumers wait and save for next-generation consoles from Microsoft, Nintendo Co. Ltd and market leader Sony Corp. Microsoft’s Xbox 360 will be first to hit the market and is slated to arrive on store shelves on November 22.
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