Video Game Sales Rebound—Good News for Earnings?
The turnaround may finally have arrived for the video game industry. March sales were up 6 percent compared with the 2009 numbers, marking the only positive growth the industry has seen since September 2009—and just the second month in the last 12 to show improvement.
It’s widely expected to be the start of a series of year-over-year improvements, though, as comparisons get easier. And it could be the start of a revival in video game stock prices.
Overall, the industry had total sales of $1.52 billion, according to market research firm NPD Group.