Analysts

2010 NHL Draft – #10 Pick Overall – New York Rangers – Dylan Mcilrath

Transcript by www.newsy.com BY ADNAN S. KHAN ANCHOR ANA COMPAIN-ROMERO Looks like Santa Claus gave out fewer video games last Christmas… and it cost the industry about $1.08 billion, according to market research firm NPD. That’s a 21 percent drop in video game sales when compared to December 2010. A big surprise for many industry analysts considering some of the year’s top titles came out in late 2011. Video game sales for the whole year were down 8 percent. So what kept the video gaming industry from getting those high scores for the holidays? A writer for Forbes takes a gander and explains the situation with one word — ‘Mobile.’ “Smartphones, tablets, time spent on messing around with smartphones and tablets. Plus streaming video on television and multiple other platforms … Mobile app downloads in the US grew by more than 120% over Christmas 2011 even as consumers spurned video game consoles and movie theaters. Is there a link?” And PC Magazine says the mobile-pwnage laid down on the video gaming industry has more to do with the consoles themselves. The magazine talked to an analyst for the NPD Group who says the consoles are just getting too old. “Overall industry results are not entirely surprising given that we are on the back end of the current console lifecycle, combined with the continued digital evolution of gaming…” And Los Angeles Times mirrors that viewpoint. It interviewed another analyst from Wedbush Securities who says… “The stores were empty. They …