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Varchild2008 (83.69)

Varchild Returns from Video Game Trip....Horrid News...

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September 16, 2009 – Comments (4) | RELATED TICKERS: ATVI , EA , TTWO

Sorry folks.... My Little Video Game trip to big box stores.. Uhm... BLEAK...

I'd seriously give it a 1 out of 10.

A 1 cause NO ONE was buying.... NOT A ONE..... No One buying video games....

At 1 store... I was the ONLY ONE around at the video game ailes.

At a 2nd store... About 5 or so people were browsing or playing a video game on the Demo system.

NO ONE BUYING!!!!

I hate to say it but I am not a believer in a September / Q4 / 2010  Video Game Sales rebound.

Well.. At least not in America.  The growth in the sector will have to come from.....CHINA....

CHINA is the only hope....As video game companys like ATVI seek to penetrate the market further and further.   Seems to me that things are better for video game sales per population percentage in the U.K. than in America.... I mean.... This is BLEAK stuff...

Yes it is a Wed.   Yes.. Not a Weekend.... Not a Holiday Week.... Kids at School....  But.. So what????  Where's the excitement over the TRIPLE AAA  Titles that have come out?

Games were stocked to FULL capacity showing NO ONE having bought a single copy of anything.
XBOX?  PS3?  WII???  Seems no one cares...

I guess  people are doing cheaper things now... like Hopscoch...

So.. I am going to be BEARISH going forward on the entire sector....  BUT!!  I am still holding my ATVI shares... Why?  CHINA... That's why... CHINA save us now!

Ya know.. You have to wonder... PRODUCT  versus ECONOMY....  What gives?  Well... It ain't Product at fault... There are some really great quality products for sale..... Console System prices have dropped which increases VALUE per Dollar Spent on them.  

The underpinnings of the sector look BULLISH.... But the reality does not.

4 Comments – Post Your Own

#1) On September 16, 2009 at 6:50 PM, Varchild2008 (83.69) wrote:

Again.. This is METRO DETROIT.... The Absolute HEART of this Great Depression we are in... Worst Economic Macros in America....

So... sure.. things probably look far better if you live in Dallas or Houston Texas....

Things probably look better in FLORIDA.....

But...So what?  Truth be told... If Michiganders aren't buying....
Then that does mean something... it does....

Now.. of course. this was picking 2 stores....on 1 day.... for a few minutes of a visit on the day.. So take it for what it is worth to ya...

But.... If I want to *believe* in a sector or a company.. And I go forth to see what's what... And I see what I saw??  Then I am not going to KID myself and sit here expecting actual Year over Year growth this year...

Well... Maybe November/December we will get some kind of bounce due to Call of Duty Modern Warefare 2.  But, I don't think it will represent what's really going on.

On the bright side... Seeing 5 or 6 people browsing... That does show Pent Up Demand.... But I have no optimism over the economy... over employment... NONE... So, I really can not care about pent up demand.

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#2) On September 16, 2009 at 10:55 PM, rofgile (99.31) wrote:

What are the new video game titles?  Anything good for the Wii?  

-Rof 

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#3) On September 17, 2009 at 12:45 AM, DarkToast (48.33) wrote:

I think the direct-2-drive and the Steam model of downloadable video games are taking a huge bite out of brick and mortar retailers. The only times I have seen more than a couple of people in a gamestop is either right around Christmas or on the release night of a big game/expansion.

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#4) On December 31, 2010 at 4:19 AM, HARE90 wrote:

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