Looks like sales on Ridge Racer 7 have fallen off the charts. In Japan only 3500 copies of this were sold last week. Japan is supposed to be Ridge Racer's strongest market and the launch of a RR title with each Sony console launch has become tradition.
VGcharts has also dropped North American coverage of this title in the critical December month, but I believe we can set the upper bound at 100,000 which is what Need For Speed: Carbon sold. Only 2 other titles, Resistance: Fall of Man and Madden 07 have sold more than 100k on the PS3 for that month and clearly RR7 is not as popular as those titles.
In short I belive Ridge Racer 7 is still severely overvalued even at these levels and I continue to be short shares of this stock.
11
VGcharts has also dropped North American coverage of this title in the critical December month, but I believe we can set the upper bound at 100,000 which is what Need For Speed: Carbon sold. Only 2 other titles, Resistance: Fall of Man and Madden 07 have sold more than 100k on the PS3 for that month and clearly RR7 is not as popular as those titles.
In short I belive Ridge Racer 7 is still severely overvalued even at these levels and I continue to be short shares of this stock.
http://www.vgcharts.org/japgamewk.php?name=Ridge%20Racer%207
http://www.vgcharts.org/usatotals.php?name=&maker=&console=PS3