Okay, so we might not quite be in a depression yet, but whether or not it’s on the way is a question that’s been keeping a lot of people up at night. For people like us, that begs another question: can video games survive it?
The reason I’m bringing this up today is because GameStop just announced how well they did over the last three months, and that company’s performance is a pretty good barometer for how well things are going over all. Looking at that announcement alone, the answer to “will games live?” is “probably, but just in case…”
It turns out that people actually spent more money at GameStop this year, despite having less money and Halo 3 coming out last year. So things may be looking good, but many companies, including GameStop, are lowering their predictions of future money making, just in case it all drops off a cliff.
Here are a few more of the points that have been made by a variety of smart, educated people who make a lot of money on this sort of stuff:
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