Analyst: U.S. Game Market To Reach $20 Billion In 2009

Janco Partners analyst Mike Hickey forecasts that U.S. video game sales -- minus accessories -- will reach $20 billion this calendar year, growing 6.7 percent over 2008's sales $18.8 billion.

Making the comments in a note released after GameStop's financials yesterday, Hickey expects 2009 software sales to account for $12.6 billion of that figure, up 15.3 percent over $10.96 billion in the previous calendar year.

He attributes the significant increase to a "meaningfully larger" (57 percent year-over-year) game console installed base, offset by attach rate deterioration for each platform, and mild software price deflation.

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