Santa brought a mixed bag of sales for video game software publishers, according to data released Friday.
Activision (ATVI Quote), Take-Two Interactive (TTWO Quote) and THQ (THQI Quote) all posted strong or better-than-expected results, according to Wall Street analysts, citing data from NPD Funworld. But overall video game software sales in the U.S. fell 1% in December from a year earlier, and market leader Electronic Arts (ERTS Quote) saw its sales plunge 18%.
Analysts blamed the overall decline on a hardware shortage and the impact of a pricing war in the sports game segment. In recent days, Electronics Boutique (ELBO Quote), GameStop (GME Quote) and Toys "R" Us (TOY Quote) have all warned of disappointing December sales due in part to not having enough units of Sony's (SNE Quote) PlayStation 2, Microsoft's (MSFT Quote) Xbox and Nintendo's DS to meet demand. ...
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