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/

Site Statistics

Registered Members: 53,120
Forum Posts: 725,936
Xbox One Titles: 3,862
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,213
Member Reviews: 10,339
News Articles: 16,181
Screenshots: 35,657
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News



Rule the Globe from your Console in Evil Genius 2

Rule the Globe from your Console in Evil Genius 2Players are tasked with taking over the world. You will need to recruit and train a workforce of loyal minions and powerful henchmen to defend your base from the meddling Forces of Justice and help you in your quest to rule the planet.






See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
10 Replies, 20745 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 37750 Views

Xbox Series X or S
Post by Nato King
5 Replies, 50944 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 44652 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 45627 Views

Xbox one no signal
Post by debrartin
0 Replies, 60625 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 63335 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 53617 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 88748 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 47866 Views

Squad Up
Post by samslophead
0 Replies, 101747 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 74555 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 138457 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 91666 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 114618 Views

© 2000-2021 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