My warnings of a problematic video game industry are gradually being validated. Don't take it from me. Take it from suddenly jittery bulls and retreating developers.
Goldman Sachs
Goldman analyst Robert Higginbotham fears that industry sales data for the month of October -- scheduled to be released by industry watcher NPD Group tomorrow -- will be far bleaker than the estimate calling for a 9% to 11% year-over-year decline.
Lower console prices and a busy slate of releases -- championed by Viacom's
It's not going to get a lot better at this point, and even the industry knows it.
On Monday, Electronic Arts
I get it. There's a lot of favorable buzz right now with yesterday's release of Activision Blizzard's
Despite GameStop's reiterated guidance, Goldman Sachs doesn't want to be on the wrong side of a disappointing industry report. Despite its return to profitability, EA is staging a tactical retreat.
It's not pretty, gamers.
Where do you see the future of gaming? Did it peak for keeps? Let us know in the comment box below.