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Is the U.S. REALLY in a recession? Video game sales soar 57 percent ...
4/18/2008 7:23:48 PM
I just read the headlines that will shock most on this recession stuff ...

Video game sales soar 57 percent in March, led by Nintendo


By BARBARA ORTUTAY, AP Business Writer
(AP) -- Led by stellar sales of Nintendo's games and systems, U.S. retail sales of video games jumped 57 percent to $1.7 billion in March, market researcher NPD Group reported Thursday.

http://www.wallst.net/news/news_web.php?webURL=http://www.physorg.com/news127734639.html

Go read the article and then see why gaming is such a big money maker.

Kenneth R Sword Jr

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Re: Is the U.S. REALLY in a recession? Video game sales soar 57 percent ...
4/18/2008 7:50:28 PM

Hello Kenneth,

I believe the sales reports, Gaming is a huge industry and not about to stop.... 

I do not believe we are in a recession,  I do believe we are on the verge of a Depression..   Possibly worse than the first one.

VOTE!!!! POTM!!!
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Re: Is the U.S. REALLY in a recession? Video game sales soar 57 percent ...
4/18/2008 9:04:20 PM

Hello,

When it comes to video gaming, I believe the term, "recession," is a very relative term.  A trip to any of our nearby malls will show that, regardless of how much people might be starting to tighten their budgets, there are still people of all ages finding money for that new video game.   So, whether you can afford the buy video games largely depends on how long you can rationalize keeping this type of entertainment in your life. 

How long will the "gold rush" of video games sales last?  Who knows.  But, our family enjoys video games, we know it doesn't take long to get addicted.   Besides, for the price of an average movie theater ticket, which in our area can range between 8 to 12 dollars and provides similar entertainment value, video games look better all the time.  Now, our family considers our video gaming to be responsible (meaning we haven't felt the need for counseling or lost our jobs!), but the cost of a movie for our family can easily add up to the cost of any number of new video games from WII, X-Box, and Nintendo.  The video game companies are well aware their target markets and the need for people in these markets to still find "escape" in gaming, escape from the rising costs of other entertainment and other "wants" in a society where very few "feel good" activities are remaining attractive because of rising costs.  We might a few less video games on our shelf this year, but we will still buy them. 

 

David and Margaret Duncan mduncand@comcast.net
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Nick Sym

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Re: Is the U.S. REALLY in a recession? Video game sales soar 57 percent ...
4/19/2008 2:24:43 AM
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Geketa Holman

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Re: Is the U.S. REALLY in a recession? Video game sales soar 57 percent ...
4/19/2008 12:53:57 PM
Hi Kenneth,


I know as long as we have kids the gaming industry will not suffer. My 4 boys buy at least one each a month with their allowances. Sometimes they have to save for two months to buy one game. Gaming is not just a fad among teens either, my 70 year old mom plays games and loves them. LOL

 I don't know if we are in a recession, but I do know gas is almost 3.50 a gallon and that represses my purse. lol

Blessings,

Geketa
Hear, O Israel the L-rd our G-d,the L-rd is one http://www.DHGBoutique.com
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