Video game sales up 4 pct in August

Video game sales up 4 pct in August

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9/16/2003 2:47:25 PM | Sales |
Video game sales up 4 pct in August

Source: Reuters

Overall U.S. video game sales in August rose 4 percent from August 2002, financial analysts said on Tuesday, driven by the strength of Electronic Arts Inc.'s new "Madden NFL" football game.

Citing research from market service NPDFunworld, Deutsche Bank Securities analyst Jeetil Patel said "Madden" on the PlayStation 2 generated more sales in the month than the other nine titles in the top 10 combined.

The game sold 1.45 million units on the PS2 and 310,000 units on the Xbox in the month, generating sales of more than $86 million. Sales of Madden for GameCube were negligible. EA had a 38 percent market share in August, on a revenue basis, and has a share of more than 20 percent for the year to date.

Harris Nesbitt Gerard analyst Edward Williams said Sony Corp.'s PS2 sold 291,000 units in August to bring its installed base in the United States to 18.8 million, while Microsoft Corp.'s Xbox sold 144,000 units to rise to 5.8 million and Nintendo Co. Ltd.'s GameCube sold 100,000 units to 4.5 million.   ...more at Reuters


Video game sales up 4 pct in August

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