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Tuesday, October 11, 2005

Video game sales down in wait for PS3 / Xbox 360 / Rev

Video game sales down in wait for PS3 / Xbox 360 / Rev

"Video game retail sales in the U.S. are down 20% in the month of September as consumers wait for next-generation consoles to drop to store shelves.

In a report by Wedbush Morgan Securities analyst Michael Pachter, sales fell to $365 million from $458 million the year previous.

Game sales are expected to grow in the Nov. - Dec. period on strong holiday sales.

Microsoft will release the company's Xbox 360 console on Nov. 22nd to fire the next round of the console wars.

Sony will drop the Playstation 3 in spring 2006, while Nintendo said that the company's next-generation console, code-named Revolution will be released sometime next year.

Video game publishers, including Electronic Arts and Activision, are expected to see a rise in sales at two and four percent, respectively.

Sales at Take-Two Interactive, pubisher of the Grand Theft Auto franchise, are forecast to drop 24 percent from the year previous." [link]

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