Grimes said:
Edouble24 said:
Some of them are losing money based on releasing bad games. I know companies are losing money this year, but that's normal in any industry. Every industry has it's downtime and the lack of strong releases is hurting 2009. The revenue of the game industry is just fine, poor management may be hurting some companies as they adapt to change. It's nothing to be doom and gloomy about. Some companies report decreases in profit while others report increases. That's just how competitive markets are. 2010 will easily move things back into place due to big games actually releasing. Companies like EA and Activision will be just fine in the long run.
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By your definition no industry can ever do poorly because you can always make excuses as to why they aren't making any money.
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If it were a lasting thing then I'd be concerned. 2009 was weak because everything got delayed to 2010. 2008 was a very strong year in the context of the article I was commenting on, as was 2007. If 2010 ends up being a strong year then the 9 months of downtime in 2009 is nothing to worry about. Now if this goes on into 2010 I'd start getting worried, as it's obviously not a lack of games that's hurting the industry.
