Here are highlights from Friday’s Analyst Blog:
Gaming Industry Declines Again
June 2011 $1.03 billion
June 2011 $469.5 million $508.9 million L.A. Noire Duke Nukem Forever
$366.6 million Microsoft Corp MSFT
$74.4 billion $67.0 billion
$44.7 billion $17.8 billion $11.9 billion
$112.0 billion $56.5 billion
We also believe that the tremendous success of online social gaming will further change the dynamics of the video game industry going forward. We believe that the social gaming market is well positioned for continued growth, primarily attributable to its casual, social and interactive environment compared to the more conventional platforms.
However, the economic slowdown has taken its toll. Consumer spending remains weak to date and the lack of new game releases has not helped.
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SOURCE Zacks Investment Research, Inc.