Business News • MarketWire • Gear Up!! A Virtual Tsunami Is Flooding the Market |
Gear Up!! A Virtual Tsunami Is Flooding the Market |
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Gear Up!! A Virtual Tsunami Is Flooding the Market
JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 12, 2010) - www.rothmanresearch.com - Twenty years back if someone was an addicted gamer, he would have beentagged as a marginal and his parents would have made his life a living hell. Even if things did not really change on the parental-front nowadays, the main difference is that it is not just the kids playing video games any more. What started as a humble business model in the 1980's has now grown into a multi-billion dollar industry powered by ever-innovating technological progress. The U.S. alone brought $19.66 billion in revenue for 2009 from retail sales of video games; an 8% decline in revenue as compared to 2008. However, this shortfall in YOY revenue seemed to have been offset by a bullish sentiment brewing in the video game industry following sweeping record-breaking sales registered in December 2009. Activision Blizzard's (NASDAQ
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