Analysts: US Software Sales in November to be Down
by William D'Angelo, posted on 03 December 2012 / 4,626 Views
Analysts Michael Pachter and Doug Creutz both are predicting software sales to be down for the month of November when compared to November 2011. This is despite the releases of Call of Duty: Black Ops II, Halo 4, Assassin's Creed III and the Wii U.
Wedbush analyst Michael Pachter believes that software sales will be down two percent. The small drop is due to the strong November in 2011 and the falling sales of of the Wii and DS. He expects Call of Duty: Black Ops II to be flat compared to Call of Duty: Modern Warfare 3.
Pachter believes that sales will grow in 2013 due to the launch of the Wii U this year and the expected launch of the next Xbox and PlayStation.
"We believe there is finally light at the end of this almost four-year tunnel of declining video game sales," said Pachter. "We expect results to rebound into sharply positive territory in February, when Take-Two releases BioShock Infinite, and we don't think that results will revert to double-digit negative sales growth again in 2013."
Cowen Research analyst Doug Creutz is predicting November software sales to be down 19 percent year-on-year. He expects sales for Black Ops II to be down 11 percent compared to Modern Warfare 3. The main reason is that Modern Warfare 3 was available for seven days longer than Black Ops II. He believes that sales for next years Call of Duty title to be down compared to Black Ops II.
