Editor: Diane Hutchinson Editor@girlgamersuk.com

Drop in Game Sales Lead to Falling Game Stocks

Posted by TurtleGirl On July - 11 - 2012

Analyst’s predictions for June have been a disappointing month for packaged games sales for video game stock on Wall Street. According to the end of trading yesterday, Zynga, Electronic Arts, Take-Two Interactive, Nintendo and Microsoft saw significant sales loss with a 5 per cent decrease.
 

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Analysts are blaming the cumbersome drop in sales due to a number of growing concerns within the video game industry. The main worry is that there is a lack of breakout titles among social network games, and the lack of a new console hasn’t done much to raise consumer interest and consumer confidence maybe at an all time low at the moment. A new report from Wedbush Securities’ Michael Pachter predicts that June’s video game sales will fall by a whopping 34 percent compared to the same time last year.
 

Via GameTrailers

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