No financial pinch for gamers
The article says that sales of game consoles are up 27% from last year, and that sales in general for the gaming industry are up over last year. Software sales hit almost $1 billion in March of this year, a 63% increase over last year.
So here are the questions this raises: Are economic times really as hard as people are suggesting? Is the gaming industry just one of those industries that is "recession-proof"? Is the increase simply related to a widening popularity of gaming? Or are gamers die-hard nutcases who will find money for new systems and games no matter what? I have no idea what the answer might be, I just thought it was interesting that during a time when so many industries are struggling, this particular one is doing well.
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.