It appears that analysts are confident that the performance of the games industry will keep rising. An analyst by the name of Jesse Divnich of simExchange thinks that the videogames industry might continue to grow--regardless of the so-called ongoing downturn in global economic conditions.
NPD results for February show a 47 per cent year-on-year increase in sales in the US, despite bad news elsewhere.
"Today, retailers announced that they have posted negative same store sales growth for February and many economists warned that the United States economy is currently in a recession or on the verge of one," said Divnich.
"Irrespective to that, the videogame industry continues to post record growth and although no leisure/entertainment sector can be considered 'recession proof,' the videogame industry continues to prove to be one of the very few industries to have the least elasticity to the current economic environment."
