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Pachter Predicts Doom and Gloom for Videogames

By james_fudge

It's hard sometimes to follow the fair-weather friend mentality of analysts, who in one breath claim that a particular sector is "recession proof" and in another preach doom and gloom. The phrase "whichever way the wind blows" comes to mind. Michael Pachter is one such analysts, who many people listen to and believe, and his latest prognostication isn't a good one for the videogame industry; but to be fair, it doesn't take a genius to figure out that, in a bad global economy, every sector is going to feel some pain - videogames are no exception, despite showing some resiliency earlier in this horrible cycle.

Pachter said that, while May was poised for dramatic growth, it fell short and Nintendo's decline during the month was remarkable and surprising. Read More

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Full post as published by GamePolitics.com on July 05, 2010 (boomark / email).