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U.S. June gaming sales drop sharply, shock analysts
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The following comments relate to this news article:
article published on 16 July, 2009
Sales of videogame hardware and software have been dropping each month (compared to the same months of 2008) largely due to a stellar sales performance all around early last year. Still, with analysts predicting a 20 percent drop in sales of (non-PC) gaming hardware, software and accessories in June, a reported 31 percent decline compared to June 2008 surprised the industry. June 2009 was ... [ read the full article ]
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Senior Member
4 product reviews
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16. July 2009 @ 20:28 |
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People are getting tight with there money, Necessity's come first leisures will always come last.
an example. Utility are steadily going up but are pay is staying the same.
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ooZEROoo
Senior Member
4 product reviews
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16. July 2009 @ 21:36 |
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Here in the U.S. the minimum wage rate increased to $7.15 per hour. Even with the wages being raised it is still not helping our economy. Small businesses are going out of business because of lack of money to pay employees, thus losing more jobs. The whole electronics industry is suffering because our money is basically becoming worth nothing so they wonder why the economy is falling in the hole. Heavy industry has suffered greatly. So this sales drop you can blame the banks and Wall Street financiers that don't care what industry, or single individual suffer as long as they get paid at the end of the day.
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ZeusAV
Member
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16. July 2009 @ 23:07 |
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One must also consider that last year Metal Gear Solid 4 was released in June. Prototype isn't anywhere near the blockbuster title that was. In fact other than Prototype there wasn't really anything decent released in June.
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Junior Member
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17. July 2009 @ 03:08 |
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I would expect unit sales for gaming consoles to decrease due to the economy, but the drop in sales for games could be exactly what zuesAV was saying, lets look at the sales numbers when EA releases Madden 09....
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AfterDawn Addict
4 product reviews
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17. July 2009 @ 05:00 |
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I was going to say I have not heard of any big name titles being released of late, those are your true sale markers, month to month sales run more on trends and fads and can become rather random.
A real shocking drop would be 60% or more of monthly consumption, but 10% or 20% or even 30% is nothing really and frankly with how consumers consume random spikes to 50% lows should not be to shocking either.
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Gnawnivek
Member
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17. July 2009 @ 09:28 |
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Well, I did buy BlazBlue in June if that helps. But yeah, i rented the rest (maybe Infamous, TRU is going to have a sale this Sunday). Honestly, I'm expecting a higher electric, gas and water bill this month. Not too much loose change (just paid car insurance too). My pay check? Same as a year and half ago... My workload? Eh, doubled (so even if i can buy a game in a month, i don't have time to play it). Paying more for less, working more for less, playing less and less :(
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Staff Member
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17. July 2009 @ 09:45 |
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Originally posted by ZippyDSM:
I was going to say I have not heard of any big name titles being released of late, those are your true sale markers, month to month sales run more on trends and fads and can become rather random.
A real shocking drop would be 60% or more of monthly consumption, but 10% or 20% or even 30% is nothing really and frankly with how consumers consume random spikes to 50% lows should not be to shocking either.
Actually 31 percent is very sharp. Up until a few months ago, the industry saw growth since early 2006, now we see the biggest drop in almost 9 years. The problem here is now the drop is getting "progressively" worse, and for an industry that seemed to weather the start of the recession very well. Analysts aren't always right obviously, but usually you'll find a few who get it right. This time however, the "gloomy" predictions, were a 20% drop overall, and it ended up far worse, here we're talking about analysts considered gloomy to miss the mark by $170 million in a month ($1.7 billion figure last year).
This message has been edited since posting. Last time this message was edited on 17. July 2009 @ 10:05
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Member
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17. July 2009 @ 11:01 |
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I think a key part of this may be the Wii/wii fit last year they were the must have thing and everyone's dad was buying them. Since then everyone owns them and are bored of the crappy games on them.
Another thing is the massive market that is the knobs who sit playing Xbox live all day haven't had anything to shoot things randomly on so far this year.
Most people have bought there current gen consoles so the Hardware will decline till the things start to break/companies start mixing things up I'm thinking PS3 Slim.
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TheFro
Newbie
1 product review
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19. July 2009 @ 05:04 |
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If analysts aren't happy now then see then when every fat person in the world wakes up to them selves and go'z on a diet and stays outdoors more.
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