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Electronic Arts, Inc (ERTS)
Shares price fell 17.1 %
Shares price fell 17.1 %
EA - October 31, 2008
Submitted by apujanata (14935) at 4:56AM PST on November 2, 2008
Shares of EA fell 17.1 % to $22.99. Activision Blizzard Inc saw its shares decline 2.8 % to $12.36. "Retail stores are focusing more on the bigger frontline titles. They are being a lot more cautious with catalog ordering, in particular, and especially in that kind of mid-zone." Middle-tier titles are typically older "catalog" games, new titles lacking buzz, or sequels that are not much different from original versions
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2apujanata posted on Electronic Arts, Inc (ERTS) at 5:01AM PST on November 2, 2008. RE: Shares price fell 17.1 %@apujanata,
I changed the original title of "Video game software shares dip on sales concerns" into "Shares price fell 17.1%" and put it on EA category instead of Industry news category, since EA is the only game company (mentioned in the article ) that have big loss. Activision, THQ and Midway share price changes are very small (+- 3%), which IMO is normal in this turbulent economic situation.
The key important part for players like me is :
"Retail stores are being a lot more cautious with catalog ordering, in particular, and especially in that kind of mid-zone (older "catalog" games, new titles lacking buzz, or sequels that are not much different from original versions)"
So, it is a season to go short "up to the MAX", IMO.[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
14apujanata posted on Electronic Arts, Inc (ERTS) at 4:56AM PST on November 2, 2008. Article: Shares price fell 17.1 %Shares of EA fell 17.1 % to $22.99. Activision Blizzard Inc saw its shares decline 2.8 % to $12.36. "Retail stores are focusing more on the bigger frontline titles. They are being a lot more cautious with catalog ordering, in particular, and especially in that kind of mid-zone." Middle-tier titles are typically older "catalog" games, new titles lacking buzz, or sequels that are not much different from original versions[ Oracle ] [ Level 30 ] [ Rank: 14935 ]
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These stores have the potential to be able to hold games of any type and are less hindered by stocking issues in particular download stores.
With the gaming community increasingly internet savvy when it comes to purchases coupled with the overhead incurred in running a store things can only get worse for the retail outlets.