Pachter: Game Software "Highly Recession Resistant"

Edge writes: "The global stock market has seen tumultuous times as of late, but consumers are still willing to drop cash on a videogame, says one analyst.

Wedbush Morgan analyst Michael Pachter said in a Monday research note, "Notwithstanding this month's anticipated decline, we believe that the videogame software sector remains highly recession-resistant...

'...As a category, games are one of the lowest cost forms of entertainment, particularly to those households that have already invested in a home console.'"

Read Full Story >>
The story is too old to be commented.