How hot is the video game sector right now? Forget the fact that developers such as Electronic Arts
This morning, Gamestop
There's big news, even in the smaller numbers. While Electronics Boutique mustered a scant $0.03-a-share profit for the period, it's the first time the company has closed out the July period in the black in three years. Video game retailing is a seasonal business with the logical holiday spikes, but demand for the Xbox, PlayStation2, GameCube, and their related software titles continues to fuel the industry, even during the traditionally sleepy lull of summer.
History indicates console sales don't peak until the third year, and the systems are just one or two holiday seasons young, so the fundamental upside should continue through at least a few more quarters.
In short, the game's not over yet.