Is the video game industry finally rebounding?
The video game industry hasn’t done a lot to endear itself to investors in the past few years. Competition from the mobile space, player fatigue with the lack of innovation and aging console systems have resulted in slumping annual software sales since 2009.
But it has shown signs of life in the past two months. Game software sales were up 52 percent last month from a year earlier, after rising 23 percent in August, according to The NPD Group.
Analysts say that momentum could continue into the holiday season and beyond.