sonycowboy
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Wedbush Morgan Securities is predicting a year-on-year 20% drop in sales for the month of September. The company has also revised its industry forecasts through 2007.
The analyst says sales for the month - due to be released by NPD later this week - will be down to $365 million. The company says further double-digit declines can be expected in October.
But it's not all doom and gloom. WMS is expecting growth in November and rapid growth in December, once Xbox 360 arrives. Sales of DS and PSP are expected to be strong in the run up to the Holidays. WMS says that by the end of the year, total sales will be up around 9% on 2004.
In September 2004, the market welcomed Nintendos Pokemon Fire Red and Leaf Green (GBA), LucasArts Star Wars Battlefront (PS2, Xbox, PC), and Microsofts Fable (Xbox) which brought in $95 million in sales.
In contrast, the main sales power this year has come from sports franchises, like Madden and NBA Live, some of which arrived late in the month. In September 2004, 20 games sold over 100,000 units, down to an estimated 14 games this year.
Average sales prices show other positives. Handhelds and higher prices for franchises like NFL have offset the decline brought about by ageing consoles. The average games now sells for to $31.31.
The U.S. hardware installed base currently stands at 84 million current generation consoles (including handhelds), up from 75 million at the end of last year.
Electronic Arts share for September was 30%, up 5% on the same period last year. Madden NFL 06 sold 550,000 units, on top of the 2.2 million units sold last month, compared with last Septembers Madden NFL 2005 470,000 units.
WMS has also looked again at its forecasts for the next two years. In April, the company predicted that combined U.S. and European software sales would grow 9% in 2005, 10% in 2006, and 12% in 2007. The revised forecast is 5% in 2005, 11% in 2006, and 11% in 2007. The company sales Nintendo's lower than expected hardware sales will have a knock-on effect.
Wedbush Morgan Securities is predicting a year-on-year 20% drop in sales for the month of September. The company has also revised its industry forecasts through 2007.
The analyst says sales for the month - due to be released by NPD later this week - will be down to $365 million. The company says further double-digit declines can be expected in October.
But it's not all doom and gloom. WMS is expecting growth in November and rapid growth in December, once Xbox 360 arrives. Sales of DS and PSP are expected to be strong in the run up to the Holidays. WMS says that by the end of the year, total sales will be up around 9% on 2004.
In September 2004, the market welcomed Nintendos Pokemon Fire Red and Leaf Green (GBA), LucasArts Star Wars Battlefront (PS2, Xbox, PC), and Microsofts Fable (Xbox) which brought in $95 million in sales.
In contrast, the main sales power this year has come from sports franchises, like Madden and NBA Live, some of which arrived late in the month. In September 2004, 20 games sold over 100,000 units, down to an estimated 14 games this year.
Average sales prices show other positives. Handhelds and higher prices for franchises like NFL have offset the decline brought about by ageing consoles. The average games now sells for to $31.31.
The U.S. hardware installed base currently stands at 84 million current generation consoles (including handhelds), up from 75 million at the end of last year.
Electronic Arts share for September was 30%, up 5% on the same period last year. Madden NFL 06 sold 550,000 units, on top of the 2.2 million units sold last month, compared with last Septembers Madden NFL 2005 470,000 units.
WMS has also looked again at its forecasts for the next two years. In April, the company predicted that combined U.S. and European software sales would grow 9% in 2005, 10% in 2006, and 12% in 2007. The revised forecast is 5% in 2005, 11% in 2006, and 11% in 2007. The company sales Nintendo's lower than expected hardware sales will have a knock-on effect.