I think that $4 a gallon gas is keeping people at home glued to their consoles instead of driving to go see movies or whatever. It seems that this industry is recession proof and might even be inflation proof since this industry doesn't rely on any raw materials that could go up in price.
For the first half of 2008, the U.S. video game industry has generated $8.3 billion in sales. This is a 36 percent increase in sales from the same period a year before, indicating that the sluggish economy is not hurting the industry's performance as people turn to home entertainment, NPD said.
"These numbers are mind boggingly large," said Michael Pachter, a Wedbush Morgan analyst. "Clearly we have an expanded demographic, more than just hardcore gamers, and they have an insatiable appetite for video games."
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