Patcher: Feb NPD’s will cause “limited market reaction”

By Stephany Nunneley, Friday, 20 March 2009 14:30 GMT

wallstreet

Wedbush Morgan analyst Michael Patcher said today that while the February NPD looks good on paper, he expects “limited market reaction” to the figures.

While most publishers met or exceeded expectations – THQ not being one of them – Patcher said the figures would not effect stock buying options in a note today.

“We expect limited market reaction to the sales data”, he said. “While overall sales growth was quite respectable, Activision, Electronic Arts, THQ, Take-Two, and Ubisoft all delivered negative or flat sales compared to last year, with the month’s upside generated by solid performances from Nintendo, Sony and Capcom.

“Additionally, many publishers have adopted conservative views about the year, and we think that concerns about the economy are likely to limit share price appreciation.

“We think that this negativism could provide an opportunity, as solid hardware sales imply continued software sales strength well into 2009, and we continue to believe that the video game software sector remains highly recession-resistant”.

While he did admit that the strong software performance is “sustainable well into 2009”, he said software sales are likely to level out in August.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

February Npd 2009

  • House of the Dead: Overkill sold 45k in US last month

    According to this Edge report, Sega sold through 45,000 copies of House of the Dead: Overkill in the US last month. The game launched February 10. NPD analyst Anita Frazier said it had placed about 50th in the US chart for February. The new will be encouraging for Sega, especially as Wii-core brother MadWorld appears […]

  • February NPD: Top 20 games by platform

    Wired’s published the top 20 best-selling US games by platform, based on last week’s NPD figures. Basically: Wii Fit, Street Fighter IV, Mario Kart DS, Libery City Stories. Full thing through there. Thanks, Blerk.

Michael Patcher

  • GDC: Rockstar should have had more 'realistic expectations' for The Lost and Damned, says Pachter

    We met up with Michael Pachter at GDC yesterday. In return for us showing him where to pick up his badge and sneaking him into the Luminaries Lunch, he told us why he thought Rockstar and Microsoft have yet to release any concrete download numbers for GTA IV DLC, The Lost and Damned. The Wedbush […]

  • Patcher: The Lost and Damned has sold one million so far

    Rockstar may not have released download numbers for The Lost and Damned yet, but that hasn’t stopped Michael Patcher from throwing around a “1 million” figure. The analyst has estimated that Rockstar’s DLC has sold into seven digits so far, and will reach 2 million by the end of the year. While he was peeking […]

Stocks