NEWS - Wednesday, December 18, 2002


Europe still doing well, not publishers

LONDON, Dec 18 (Reuters) - European video games sales are still on track for a record Christmas despite a series of profit warnings from prominent developers and retailers this week, analysts said on Wednesday. A batch of new titles featuring dark alley shootouts or the manoeuvring of a stolen car down city streets are, as expected, racking up steady sales. What has perplexed industry observers is a cut-throat price war that has blown holes in profit margins. The latest data from market research firm ScreenDigest of Britain shows that European video game software sales are poised to increase 23 percent this year to $5.9 billion despite a profit warning on Tuesday from Europe's biggest specialty games retailer Game Group Plc . "No doubt this will still be a record year," Ben Keen, executive director of ScreenDigest, told Reuters on Wednesday. But Game's share price has plunged some 65 percent in two days after its profit warning, triggering a raft of downgrades felt throughout the industry. At 1600 GMT UK retailers Dixons and GUS Plc , owner of the Argos chain, were down 4.2 percent and 3.3 percent respectively after similar losses on Tuesday. U.S. video game publisher Activision Inc (nasdaq: ATVI - news - people) dropped nearly 22 percent on Nasdaq to $12.29 on Wednesday. Activision, maker of the popular "Tony Hawk Pro Skater 4" game, also issued a profit warning on Tuesday, citing weak holiday sales, particularly in the United States where November software sales fell sharply.
Source: http://www.reuters.com/

Comments

Site Statistics

Registered Members: 44,277
Forum Posts: 725,613
Xbox One Titles: 1,007
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,625
Member Reviews: 10,339
News Articles: 13,917
Screenshots: 30,543
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox One S Wolfenstein 2 The New Colossus
Post by oryanphine
1 Replies, 185 Views

Xbox One S Prey
Post by oryanphine
0 Replies, 87 Views

Xbox One S Cuphead
Post by oryanphine
2 Replies, 130 Views

Xbox One S Shadow of War a gagner
Post by oryanphine
0 Replies, 114 Views

I Buy Very Rare XBox 360 Faceplates
Post by Smill
5 Replies, 323 Views

Xbox Wire desormais disponible en francais
Post by oryanphine
0 Replies, 407 Views

Manette Xbox 360 Gamestop Radioactive
Post by oryanphine
1 Replies, 763 Views

Xbox One Moratl Kombat X sur Ebay
Post by oryanphine
0 Replies, 747 Views

Console Xbox 360 et faceplate Xbox 360 in package blue
Post by oryanphine
0 Replies, 681 Views

Seagate Fanfest External Drive Scorpio
Post by oryanphine
2 Replies, 825 Views

Ultimate Game Face
Post by oryanphine
3 Replies, 857 Views

Home screen customization?
Post by DJ tx
2 Replies, 823 Views

Xbox One Manette E317 en vente sur ebay
Post by oryanphine
5 Replies, 1106 Views

Xbox 360 Summer Intern Celebration 2009
Post by oryanphine
0 Replies, 929 Views

Xbox One Limbo
Post by oryanphine
3 Replies, 970 Views

© 2000-2017 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics