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Analysts: Strong Software Growth in July

Edge writes: "Ahead of monthly U.S. sales data, analysts said year-on-year software sales could have increased as much as 44 percent in July.

Wedbush Morgan's Michael Pachter expects July console software sales to increase by 44 percent to $605 million.

Pachter said, "We have consistently underestimated growth this year, and the comparison for July is a relatively modest 11 percent, so it is possible that July could again substantially exceed our expectations.

"In any case, we believe that the video game software sector remains highly recession-resistant."

Colin Sebastian with Lazard Capital Markets forecast a more conservative increase of 30-35 percent year-on-year."

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