Broke as a Joke, but were still buying Games
It’s all a bit doom and gloom in the UK at the moment. The banks are on the verge of collapsing, businesses are going bust, Newcastle United can’t win a match and people can’t even afford to pay their electricity bill.
So you’d think that if were all trying to save cash, we’d stop spending it on stuff to entertain us, like games for our power hungry Xbox 360’s or PS3’s, but as reported by games magazine Edge, it sounds like the only people not worrying about their bills are the game publishers, and high street retailers.
Wedbush Morgan analyst Michael Pachter said: “Notwithstanding this month’s anticipated decline, we believe that the videogame software sector remains highly recession-resistant…
“…As a category, games are one of the lowest cost forms of entertainment, particularly to those households that have already invested in a home console.”
Low cost? His salary must be pretty decent, but I digress.
Pachter says of console sales that he expects Wii to have sold 600,000 units, DS 550,000, Xbox 360 300,000 and PSP 200,000. Now I’m no Carol Vorderman, but that’s a big amount of money being made by Mr Microsoft, Mr Sony and Mr Wii…snigger…
Anyways, the good thing to come from all this is that we can expect games to be churned out continually for the foreseeable future, with no danger of these companies going under. Also, it’s nice to see some true grit and determination to buy a game, when we know that we really can’t afford to.
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