Thursday, November 13, 2008

Video Games Still Recession Proof

It seems that the wider economy still hasn't dented the market for video games according to October sales. It goes to show you that gamers know that paying $60 for hours and hours of entertainment is good value in a down economy.

According to data from the NPD Group late Thursday, U.S. sales of video game software totaled just under $700 million for the month - up 35% from the same period last year.

Analysts were expecting sales growth between 20%-25% for the month. The numbers were a pleasant surprise after a disappointing month in September, which suffered in part from tough comparisons to the previous year's release of the mega-blockbuster "Halo 3." Analysts were also worried that a dramatic slowdown in the national economy would finally begin to be felt in the sector, which had been on track to set a new record for the year.

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