kowenicki said:
happydolphin said:
kowenicki said:
which bit am I suppose to facepalm at? |
Was answering and was brought to a meeting.
This slump in stocks happens every end of gen, this one being no exception. So you can facepalm on conclusions like:
"NPD Group reports official June video game sales on Thursday. Year-over-year industry sales have been down for months, and Cowen & Co. analyst Doug Creutz says traditional game publishers have pared their release slates. In a research note Tuesday he also calls PC-based social gaming "an evolutionary dead-end" giving way to mobile platforms."
and
"Aging game consoles like Sony's (SNE) PlayStation 3, Microsoft's Xbox 360 and Nintendo's Wii appear to be losing luster. But digital downloads of games and add-ons seem to be climbing, fueled in part by a shift to handheld games."
But to be fair to you and to the author, despite some odd wording the article is OK. My facepalm was a little eager. Though it's true that digital download of games seem to be climbing, I don't believe it's in correlation with the slump in retail games, that's the small gripe. Also, the shift to handheld games is also not related to the slump, which again happens cyclically (once every gen transition).
|
Yeah... its more of a "no shit sherlock" than a facepalm
It mostly just states the bleedin' obvious.
|
Exactly. And the facepalm is mostly for linking the two things that aren't really related, as in relating the usual slump in home console HW/SW retail sales with:
- increase in handheld gaming, where the handheld gen start is always phased a little sooner than home console gaming gen launch
- digital distribution, which is a new phenomenon and we have little understanding on it affect retail the home console business and PC gaming ingeneral, and how impactful it is.
In other words I think investors see the stocks going down (which they always do) and try to give reasons for them using modern factors when these stocks have been cyclically trending down at gen transition. It's kind of silly. :)
