An earnings report from GameStop (GME Quote) on Tuesday provided further evidence that -- industry hopes to the contrary -- the transition to a new generation of machines will likely be a disruptive time for the video-game sector.
As part of its report, the video-game vendor warned that sales of new games are weaker than expected. While demand is strong for Microsoft's(MSFT Quote) new Xbox 360 game console, supply of the devices has been hard to come by. Noting these developments, GameStop dramatically slashed its outlook for same-store sales in the fourth quarter.
Separately, at an investor conference, Electronic Arts(ERTS Quote) said that it saw soft sales in early November and plans to cut the price of its flagship Madden NFL football title by $10, according to Briefing.com. ...
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