Gaming not affected by Credit Crunch: Pre-tax profits soar

According to Game Group, they say that there are many families hooked on playing our beloved console games, and playing these games during the dreaded credit crunch as not affected the gaming industry, in fact it as made its pre-tax profits to soar 25-fold to £33.3m for the six months to 31 July.

Now we have heard that mobile phone industry seems to be getting stronger and is not affected by the credit crunch, so it is good news to hear that the gaming industry is following suit.

We all know tat there is a major slowdown in sales in the retail world, but despite of this there is a massive boom in sales of games, especially for the Nintendo Wii, Microsoft’s Xbox and Sony’s PlayStation 3. Game chairman Peter Lewis said:

“We continue to be encouraged by the ongoing demand for third-generation hardware and software, which is in part being driven by the broadening demographic appeal.”

UK and Ireland saw sales growing 24.2 per cent in the six-month period but fell back to 4.6 per cent growth in the eight weeks to 20 September. In the six months, international like-for-like sales grew 17.4 per cent.

Source

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