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