Remember The Video Game Boom? It's Ending Soon

Video games are supposed to do well in a recession. But that hasn't stopped Goldman Sachs analyst Robert Higginbotham from downgrading GameStop (GME), which serves as a proxy for the game market.

"While the much anticipated release of Grand Theft Auto IV at the end of April is expected to produce record sales, and Wii Fit, slated for May, is also expected to be a blockbuster, the remainder of the year lacks any big releases, and comparisons get tougher throughout the year."

Comparisons get tougher because Halo 3, Guitar Hero 3, and Super Mario Galaxy all released in the latter part of 2007, and there is nothing on the horizon that looks like it will come close this year. This is somewhat of a high-class problem -- the industry has put out such huge blockbuster hits that there's really no way it could keep it going non-stop...

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DarkSniper3807d ago

Beautiful picture. It's truly a work of art. It displays Dark Sniper's sentiments about Xbox 360 more than any group of words can.


yesah3807d ago

Great, another analyst.