| kingofwale said: > Entertainment is always a necessity, hmmm, how is Entertainment a 'necessity'? When someone loses his/her job, entertainment cost is first to go, you think they'd still buy their kid that 50 bucks game per week/month if they are living on unemployment insurance? Expect stocks to drop further, nobody is foolish enough to buy stocks in huge numbers when the market is clearly going into recession |
On both topics you are wrong, first off, even during recessions and depressions the entertainment industry has done well in the US, go look at the history of those industries, a cheap system like Wii which can be enjoyed by the whole family will do quite welleven in a downturn.
Also a recession or a depression is sometimes the best time to buy stocks in a strong company, fortunes were made during the depression by those who were smart enough to know when to get into the market
Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!! It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!! Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)
