Games to See $10 BILLION in 2008!

From the Vault — originally published January 24, 2008. Some links, videos or prices may be out of date.

Lazard Capital Markets analyst Colin Sebastian recently made the following assertions among others:

1. “since the game industry is driven by product cycles rather than consumer spending, he believes the current console cycle will remain resilient even amid reduced consumer spending.”

2. “growth to be driven by continued demand for Nintendo platforms and improving sales trends for PlayStation 3”

3. Sebastian also concluded that a softening economy could even benefit games, as playing video games is “an attractive per-hour entertainment value in comparison with other leisure activities, such as movies and vacations.”

To read the full article at Gamasutra click here.