Videogame Market Continues Momentum, Sales Up 53% in June
The U.S. videogame market -- including both software and hardware -- reached sales of $1.69 billion for June 2008, an increase of 53% from a year ago. Hardware sales were up 54% to $615.1 on the continued success of Nintendo's (NTDOY.PK) Wii and DS, as well as Sony (SNE) PlayStation 3's sales nearly doubling from May due to the release of Metal Gear Solid 4. Software sales increased 61% to $542.2 million on strong debuts from Metal Gear Solid 4, Guitar Hero On Tour, and Lego Indiana Jones.
The other big stories in hardware are that Nintendo Wii is now the best selling console in the US. Nintendo Wii leads life-to-date U.S. sales with 10.85 million units sold, compared to 10.49 million Xbox 360s and 4.85 million PS3s sold. The Wii also leads 2008 sales with 3.48 million units sold this year, compared to 1.61 million PS3s and 1.34 million Xbox 360s. The PS3 continues to widen the 2008 sales gap with the Xbox 360 -- it's currently outselling Microsoft's (MSFT) console by approximately 270,000 units compared to an 80,000 units lead at the end of last month.
June 2008 Hardware Sales
- Nintendo DS: 783,000
- Nintendo Wii: 666,700
- PlayStation 3: 405,500
- PlayStation Portable: 337,400
- Xbox 360: 219,800
- PlayStation 2: 188,798
June 2008 Top Selling Games
- Metal Gear Solid 4: Guns of the Patriots (PS3) 774,600
- Guitar Hero On Tour (DS) 422,300
- Ninja Gaiden II (360) 372,700
- Wii Fit (Wii) 372,700
- Wii Play (Wii) 359,100
- Battlefield Bad Company (360) 346,800
- Mario Kart Wii (Wii) 322,400
- LEGO Indiana Jones: The Original Adventures (Wii) 294,500
- LEGO Indiana Jones: The Original Adventures (DS) 267,800
- LEGO Indiana Jones: The Original Adventure (PS2) 260,300
Disclosure: No position.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Cap-and-Trade in the U.S.
- Of October CDS Auctions and Helicopter Ben
- Big Troubles for the Euro
- Asset Securitization Crisis: The Butterfly Effect
- @VIC: Top Hedge Fund Picks
- Can Google Reach Its Pie in the Sky?
- Full list of Editor's Picks »
- 36 Opportunities for the Beginning of the Bull »
- 25 Cash Cows to Ride Out the Storm- Barron's »
- 3 Stocks That Are Begging To Be Bought »
- iPhone Sales Drastically Surpass Q4 Consensus; Apple Reaches 10m Goal »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- Iceland: When Too Big to Fail Becomes Too Big to Rescue »
- Big Tech Prepares for Big Layoffs »
- Cash Position Best for Apple Investor »
- Why Is Everybody Selling as Buffett Is Loading Up? »
- Fannie and Freddie Did Not Cause This Crisis »
- GE Looks Very Attractive Here »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Another Analyst Likes Capstone
- Dell Looks Cheap
- @VIC: Jeffrey Schwartz of Metropolitan Capital Advisors- Taking What the Defense Gives You
- Fear, Panic & Opportunity in the Markets
- Borders: Interview with CEO George Jones
- Five Investment Principles To Remember Now
- Yesterday's Market: Advantage, Bulls
- Two Currency ETFs For the Resurgent Dollar, Yen
- Unintended Consequences - Fast Money Recap (10/6/08)
- Time To Go Long, For A Short Time?
- Full list of Long Ideas »
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- M/I Homes: Common Share Price Perplexing
- Trading ERO This Week
- Talk Me Down From the Wells Fargo Ledge
- SKF Regaining Its Old Form?
- Continuing Haircut in DST's Investment Portfolio
- Fortis and Bradford and Bingley Banks Thrown Lifelines
- The Short Case on KBH Homes
- Full list of Short Ideas »
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Buyers On Strike - Cramer's Stop Trading! (10/6/08)
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08)
- The Cramer Crash?
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50
- Musical Chairs - Cramer's Mad Money (10/3/08)
- Not Much to Recommend - Cramer's Lightning Round (10/3/08)
- Imminent Rate Cut? - Cramer's Stop Trading! (10/3/08)
- American Express to the Sell Block - Cramer's Mad Money (10/2/08)
- Buy Rarely; Sell Repeatedly - Cramer's Lightning Round (10/2/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »




This article has 2 comments: