Video Games: Still Booming in a Bad Economy

The economic downturn may be dampening holiday spirits across most of planet earth, but so far it's still fun and games in the virtual world. While mortals contend with looming bankruptcies, foreclosures and unemployment, the hoard of nearly 58,000 video game aficionados who attended the opening day of the Asia Game Show 2008 last weekend in Hong Kong had loftier concerns - battling laser-throwing automatons, for instance. Or vaporizing fire-breathing dragons. International gaming retailers like Microsoft and Nintendo were also there in full force, buoyed by fall's record product sales and cautiously optimistic about the year ahead. So here's something to think on, are video games, and the industry itself recession proof?

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