Consumer Technology Industry Update (ATVI, GME, SNE, ERTS)
February 09, 2010 11:16 AM
Analysts Daniel Ernst and Scott Tilghman at Hudson Square Research have released an update on the Consumer Technology industry. According to the report, NPD is expected to report US video game industry sales for January on February 11.
Analysts estimate a year-over-year decline of 9.8% in industry revenues. Analysts expect continued sale of top-selling holiday titles, which includes New Super Mario Bros, Wii Fit, and Call of Duty: Modern Warfare 2. Analysts are also expecting a decent showing from Mass Effect 2 and Darksiders. However, analysts believe that the weakness from catalog sales drove total software sales down by 8.2% year-over-year.
Among the companies in Hudson Square Research’s coverage for the Consumer Technology sector, analysts have a Buy rating for Activision Blizzard, Inc. (NASDAQ: ATVI), GameStop Corp. (NYSE: GME), and Sony Corporation (ADR) (NYSE: SNE), and a Hold rating for Electronic Art, Inc. (NASDAQ: ERTS).
