Scalper1 News
Video game sales this holiday season could disappoint because of a weak lineup of new game software and mixed reviews for some recent titles, Pacific Crest Securities said Thursday. In a report on specialty retailer GameStop (GME), Pacific Crest analyst Evan Wilson said the outlook for this Christmas is “looking increasingly challenged.” While industry consensus is for physical software sales to begin to rebound in GameStop’s January quarter (fiscal Q4), “that looks less and less likely,” Wilson said. Wall Street estimates call for 5% to 10% growth in sales of new software at GameStop. But Wilson is targeting 4% growth. The fourth quarter already has been hurt by delays that have pushed major games into next year. Those games include “Battlefield Hardline” from Electronic Arts (EA) “Evolve” from Take-Two Interactive Software (TTWO) and “Batman: Arkham Knight” from Time Warner’s (TWX) Warner Bros. Interactive Entertainment. Meanwhile, new fall games aren’t inspiring… Scalper1 News
Scalper1 News