56

Gaming Industry to peak at years end?

Euphoric | April 23, 2008 | News | Misc 
Analyst Robert Higginbotham of Golden Sachs has released a report that indicates his results of the gaming industry approaching a peak in it's recent rapid growth. Acording to Higginbotham at the end of the year the recent spike in the gaming growth should level out and may even start to decline.
March's US retail sales figures were through the roof, but one analyst thinks the current growth rate can't be sustained for long. MarketWatch is reporting on a note to investors from Goldman Sachs analyst Robert Higginbotham, who recently downgraded his assessment of stock in retailer GameStop to a "sell" rating.

According to Higginbotham, GameStop shares are "poised for a pullback as industry growth remains on a path toward deceleration from its current peak," suggesting not that the industry itself has peaked, just that growth figures later in the year likely won't be quite as impressive as March's 57 percent spike.
0 comments | go to source (au.gamespot.com) | Add to favorites! favourite this article | send to friend | add alt source
Images about this story:
gaming_industry_to_peak_at_years_end gaming_industry_to_peak_at_years_end
Register as a member to subscribe comments.

This news story is archived and is closed to comments now.

Submit Newshelp

Recent Forum Threads

Top Contributors

This Month
Twisted 370 pts
Tyranitar24 349 pts
Silver Mir.. 306 pts
chautemoc 260 pts
Gothic Girl 228 pts
Cruxis Mana 209 pts
Dark Arcan.. 198 pts
Akira_EX 187 pts
Linkin Par.. 161 pts
Deathsythe 137 pts
All-Time
Gothic Girl 18460 pts
Krunal 12319 pts
Linkin Par.. 10405 pts
chautemoc 9791 pts
Final Blade 9293 pts
Silver Mir.. 9076 pts
xsynergyx 7909 pts
Akira_EX 7828 pts
mistermostyn 7668 pts
Tyranitar24 7142 pts

Stats

Today
Published News: 1
Comments: 16
Points Given: 44
Users Registered: 0
This Month
Published News: 159
Comments: 1036
Points Given: 2286
Users Registered: 25
All Time
Published News: 11166
Comments: 76363
Points Given: 180572
Users Registered: 595

Conventions / Trade Shows

(0.1290/d/aeon)