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Amazon pins slack results on games "slowdown"

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Amazon's blamed a "slowdown" in games sales as a primary factor in a Q2 profit drop.

"You're seeing an industry slowdown in videogames and consoles," said CFO Tom Szkutak.

The retailer's upside dropped 14 percent in the three months running to June 30, down 10 percent to $142 million, or 32 cents per share.

Sales were up 14 percent in the period, rising to $4.65 billion from $4.06 billion a year ago.

Costs resulted from a legal dispute also impacted profits in the quarter.

More on the WSJ. Thanks, Joystiq.

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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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