Michael Pachter blames the lack of new IPs for decline in software sales
Michael Pachter has blamed the lack of new innovative intellectual properties for a decline in software sales in the US, and predicts that the industry will not bounce back in the month of June 2012. He expects the sales to be down 34% at $305 million over June 2011.
“In this unprecedented eighth year of the console cycle, we believe there are few new intellectual properties to reinvigorate interest in the games sector/ Consumers have been offered a never-ending series of sequels, and have been offered fewer choices each year for the last several years, with the result being waning interest in new software purchases and an unprecedented three years of software sales declines,” he sent a note to investors, (via Gamespot).
“The poster children for limiting consumer choice are Activision, Electronic Arts and THQ, with each company offering 50 percent as many titles as they offered several years ago, with only one new intellectual property launched among the three companies over the last year.”
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