I'm also not really convinced that videogames are economically inelastic or recession proof. I think in the past many people believed in the theory that in hard times people would cut spending on their children last, so toy companies, teen retailers, and videogame companies would be relatively safe, at least for a while. However, we know that most gamers are now adults so that thinking shouldn't apply for videogames anymore. That said I still own shares of NTDOY.
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I'm also not really convinced that videogames are economically inelastic or recession proof. I think in the past many people believed in the theory that in hard times people would cut spending on their children last, so toy companies, teen retailers, and videogame companies would be relatively safe, at least for a while. However, we know that most gamers are now adults so that thinking shouldn't apply for videogames anymore. That said I still own shares of NTDOY.