Following the worse than expected and highly disappointing NPD results for April, Wedbush Morgan analyst Michael Pachter has reacted to the data, and it seems he's stumped.
"The April sales results are baffling to us," he began. "The dollar sales level of $399 million is the lowest since May 2007, when this generation was barely underway, and is the weakest April result since 2005, when console software sales totaled only $6 billion for the full year. The sequential decline of 54% is the greatest in the 11 years that we have been tracking monthly data (except for December-January declines), dwarfing the previous record of 42% set in March-April 2002. For the first 13 weeks of 2010, video game software sales averaged just under $162 million; for the four weeks of April, they averaged just under $100 million."
He continued by noting that many gamers likely played the games they already had and were waiting for the AAA games that are shipping this month.