U.S. retail sales of video games for consoles and portable game players in September declined a larger-than-expected 24 percent from a year earlier to $347 million ahead of the all-important holiday season, analysts said on Friday.
Citing figures from market researchers NPD Group, analysts said revenue from console games were roughly 25 percent lower than a year earlier at almost $277 million. Revenue from the sales of mobile games revenue was off almost 12 percent to a little over $70 million, reversing gains in recent months.
Wedbush Morgan Securities analyst Michael Pachter had expected September sales of $365 million, or down 20 percent year-over-year.
September sales at No. 1 video game publisher Electronic Arts Inc. fell to $102 million, a decline of almost 6 percent from a year earlier, as soft sales on a handful of top titles offset increased unit sales of its popular football title "Madden NFL 06," Susquehanna Financial Group analyst Jason Kraft said in a client note. ...more at Reuters