Electronic Arts (EA -1.1%) and GameStop (GME -1.7%) open lower after NPD reports U.S. physical...

|About: Electronic Arts Inc. (EA)|By:, SA News Editor

Electronic Arts (EA -1.1%) and GameStop (GME -1.7%) open lower after NPD reports U.S. physical retail video game hardware and software sales for the pivotal month of December fell 27% and 23% Y/Y, respectively. Those numbers are much worse than the 13% and 11% drops reported for November, and are particularly discouraging in light of hopes new game launches would stabilize demand. The Xbox 360 was again the top-selling console with 1.4M sales, but that's still down 17.6% Y/Y. Piper has downgraded EA to Neutral.