If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Flat US sales expected for January

Analysts are predicting less than stellar figures for the American market in January prior to the release of data this week, with Jesse Divnich of simExchange predicting sales of $519 million, a year on year drop of 5.46 percent. Although the figures could be interpreted negatively, Capital Markets analyst Colin Sebastian said the news is down to a shorter month and shouldn't be taken to heart.

"Importantly, we do not believe slower growth should be interpreted as weaker consumer spending, as our channel checks indicate generally healthy sales trends at retail. On an 'apples-to-apples' basis, adjusting for the extra week in 2007, we estimate that January sales would be up modestly," he said. "In addition, we expect improving growth trends into the spring with a more robust software release schedule (e.g., Devil May Cry, Super Smash Bros., and GTA IV)."

Divnich noted that a fifth week in January probably would have led to sales of $648 million, which would represent an 18 percent increase.

More here.

Tagged With

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

Comments

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch