News, analysis and insights on technology investing from Barron's Silicon Valley bureau.
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Despite Arrival of Grand Theft Auto IV, April Video Game Software Sales Miss Expectations
Posted on May 16, 2008
Video game software stocks are under some selling pressure today after industry tracker NPD reported April sales that came up short of some estimates.NPD said video game software sales grew 68% year over year in the quarter. Pacific Crest s Evan Wilson this morning writes that he had had expected 120% growth. Results for April are much lower than we had expected across the board, and other forecasts we have seen are not far from our expectations, he wrote. Although the data has been incorrect in the past, we checked with NPD and they said they have no reason to believe the current d...
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