@Powertrade, Unfortunately, I'm well aware of what GME said today (take a look at the stock you'll see why I say unfortunately). At the same time, I refuse to believe that such a big month for releases (Rock Band, Mass Effect, Super Mario Galaxy, Call of Duty 4), plus continuing sales for games like GH3 and Halo 3 can translate into less monetary sales than October.
@feelmyring, I haven't been pricing this into the simExchange yet, but Gamestop came out today and forecasted lower sales for the holidays. Traders were looking for Gamestop to provide guidance for the industry since its the leading retailer that focuses on game sales.
Originally, the market has been expecting retail sales to be weaker this holiday season. Video games were supposed to be the exception, but this is appearing to not be the case. If you follow the stock market at all (I think you said you work in options), you know there are rising concerns about retail in general this season. Consumer confidence is low and people say they are going to spend less this holiday season.
Someone care to explain why we're now expecting a drop in total software sales for Nov? We go from 1.1bln to 980 million? With Black Friday, Rock Band, Mass Effect, more GH3 sales? This seems like an easy buy at this level.
@Jesse2050, I believe I do now, but looks like I waited a few minutes too long. I was hesitant earlier, and may have not paid enough attention to OCT. I wonder how much software revenue Guitar Hero 3 will bring in now that its on so many platforms.
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Unfortunately, I'm well aware of what GME said today (take a look at the stock you'll see why I say unfortunately). At the same time, I refuse to believe that such a big month for releases (Rock Band, Mass Effect, Super Mario Galaxy, Call of Duty 4), plus continuing sales for games like GH3 and Halo 3 can translate into less monetary sales than October.