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U.S. game sales expected to exceed $10 billion
Lydia Sung - Wednesday, January 23rd, 2008 | 2:03PM (PT)


Who cares if the economy is declining - we've got video games!

So the economy seems to be crumbling all around us, and everywhere we turn, some expert or politician is throwing the word "recession" in our faces. 

Do we panic?  No, we keep buying video games.

Analyst Colin Sebastian of the investment bank Lazard Capital Markets is predicting that U.S. software sales will exceed $10 billion in 2008 despite the country's wobbly economic state.  The gaming industry, he explains, is driven by products:

"Video game industry sales historically are driven by product cycles - in which sales of hardware and software follow a fairly predictable pattern - rather than by consumer spending and GDP growth."

Sebastian has even suggested that the declining economy could strengthen the industry because playing video games is a more "attractive per-hour entertainment value in comparison with other leisure activities, such as movies and vacations."  Hell, who needs sunny beaches when you've got places like Southshore; mind the murlocs. 

Here's to hoping the flourishing video game industry will help us out in the end.


U.S. game sales expected to exceed $10 billion Image 1

Source: Team Xbox

Section: Announcements

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Comments:

  • 0 thumbs!
    iamjoe56 | Jan 23, 08 | quote
    The Economy is declining becasue too many use there credit cards. ANd they use them for EVERYTHING, then they can't make the payments, and rack up huge amounts of debt for the banks, and country In General, the war Not withstanding, that is why there is so much debt! Now if people could only use cash to buy those games, and not credit cards.
  • 0 thumbs!
    DeathMonkey | Jan 23, 08 | quote
    It's true that the only thing affecting how many games I buy is how many good games are out
  • 0 thumbs!
    Invidia | Jan 23, 08 | quote
    If this is the case, then excessive videogaming would help the food industry because people would get fatter sitting around the [console of choice].

    Then the drug companies would flourish coming out with new "diet" pills.

    Video-gaming is helping our economy!one!111!

    As my idol, Yugi Mutou, would say, "Get your game on!"
  • 0 thumbs!
    RabidChinaGirl | Jan 23, 08 | quote
    Drug companies ftw.

    "Wanna lose weight but too busy or LAZY to actually DO it? Eat these pills!"
  • 0 thumbs!
    iamjoe56 | Jan 23, 08 | quote
    Lol. Diet pills. >_> I shouldm mention that you won't necisarily get fat if you eat well, I.E. Carbs, protein and veggies, then you won;t become the human blob, generally.
  • 0 thumbs!
    Invidia | Jan 23, 08 | quote
    Ah ah ah Joe. Simply "eating right" won't give you that fashionable, rail-thin body that Hollywood starlets crave.

    Short of plastic surgery, a young person may as well indulge in the considerably cheaper diet pill of the day.

    If people are desperate enough during the recession, then I suppose they could digest a tape worm egg. I think my next business will involve selling tape worm eggs as the new, miracle diet pill.
  • 0 thumbs!
    iamjoe56 | Jan 23, 08 | quote
    I have the slogan! 'Parasitic pills, the only way to go.' Disclaimer: Warning, may contain nasty little worm thingy that looks like hellspawn. [The whole thing a joke, please understadn this.]
  • 0 thumbs!
    Chinaman | Jan 23, 08 | quote
    Sub-prime mortgage got nothing to do with Videogame sales for Christmas.
- This news story is archived and is closed to new comments now -

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