Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Wedbush's Michael Pachter Offers April '15 Video Game Industry Update

Wedbush's Michael Pachter Offers April '15 Video Game Industry Update

In a report rolled out Monday, Wedbush analyst Michael Pachter and his team provided their video game industry update for April 2015. They look into industry wide trends, as well as specific companies and events.

Nintendo Leads Strong Month

The Wedbush Video Game Index, a market cap-weighted index of video game companies, gained 9 percent for the month of March, mainly on the back of Nintendo Co., Ltd (ADR) (OTC: NTDOY)'s strong month. On a constant, F/X pretty much flat.

According to NPD Group, February U.S. console/handheld software sales were up 7 percent year-over-year, to $339 million, comfortably surpassing Wedbush's estimate of $303 million, once again driven by Nintendo's strength.

"The shift to digital downloads and the popularity of bundles continues to mask overall software demand, and overall growth was probably in the mid-teens," the analysts explain. They "assume that full game digital downloads were 10% of total February demand for each high-profile game on next-gen consoles, meaning total console software sales were up 17% or more when factoring in full game digital downloads."

Related Link: It's All Fun And (Video) Games: Wedbush's 6 Stock Picks

March Events

GameStop Corp. (NYSE: GME) reported results that in line with its revised guidance.
For its part, Turtle Beach Corp (NASDAQ: HEAR) reported and guided to below-expectations profitability.

Majesco Entertainment Co. (NASDAQ: COOL) also reported a miss in its latest quarterly.

Sony Corp (ADR) (NYSE: SNE) announced worldwide PS4 sell-through of over 20.2 million units as of March 1. The company also launched the PlayStation Vue cloud-based TV service.

Electronic Arts Inc. (NASDAQ: EA)'s "Battlefield Hardline" was launched to poor reviews.

April Events

NPD will release March U.S. console/handheld software and hardware sales on April 16.

King Digital Entertainment PLC (NYSE: KING) will report first quarter results on the week of April 27, as will Zynga Inc (NASDAQ: ZNGA).

Latest Ratings for GME

May 2019MaintainsUnderperform
Apr 2019ReiteratesOutperformOutperform
Apr 2019MaintainsUnderperformUnderperform

View More Analyst Ratings for GME
View the Latest Analyst Ratings

Posted-In: Battlefield Michael Pachter NPD Group PlayStationAnalyst Color Events Analyst Ratings Tech Best of Benzinga


Related Articles (COOL + EA)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Wall Street Analysts Do 'Field Work' At Alcohol Giant

Will Teva's Copaxone Ever Get An FDA Decision?