Video games are clearly one of the biggest multi-decade trends. Even Best Buy (BBY) has redesigned its floor plan to heavily focus on videogames, and also recently got into the used game business to compete with juggernaut GameStop (GME).Despite the macro tailwinds, video games are a cyclical sector that depend on the lifecycle of a console as well as game release schedules. This year, the sector has particularly struggled as a result of weaker games and investor fears that mobile games will eat into demand for console games.
Total U.S. console software sales for June were $531 million, down 15% from last year's $627 million. Top videogame analyst Michael Pachter at Wedbush Morgan offers us a glimpse into how some of the larger players stack up:
Derek and Damien Hoffman are the co-founders of the Wall St. Cheat Sheet Premium Newsletter.
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