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ECT News Community   »   E-Commerce Times Talkback   »   Re: Gaming Industry's Booming January, Activision's Busted Quarter



Re: Gaming Industry's Booming January, Activision's Busted Quarter
Posted by: Walaika Haskins 2009-02-19 06:16:19
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The gaming industry was the recipient of news both good and bad this past week. On the up side, the monthly NPD Group sales report for January indicated gaming continues to be relatively recession-resistant. Gamers also have something to cheer now that Nintendo has announced the U.S. release date for its Nintendo DSi handheld gaming machine. Activision, however, announced losses in its fourth fiscal quarter. Sales figures released by The NPD Group last week show that the gaming industry continues to grow despite the decline in overall consumer spending as the economic crisis deepens.


Incredibly misleading about Activision
Posted by: lxlouro 2009-02-19 06:28:38 In reply to: Walaika Haskins
Activision BEAT analysts' estimates for adjusted earnings. The net loss includes huge costs associated with BUYING A COMPANY! As well as new accounting rules that require online subscription games defer revenues over the life of the game. Why is none of that information included in this joke of an article? Their net loss is being compared with other gamers operating loss, like comparing apples to oranges. Dumb stuff.
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