Wedbush Morgan Securities has revised down its game industry sales forecast for 2009, reports Industry Gamers. The firm predicts a 4 percent decline in U.S. and Europe game sales compared to last year. Wedbush Morgan’s Michael Pachter cites softer than expected September sales in the U.S., down 12 percent in year-over-year comparison, and lower expectations for Wii.
Pachter sees a rebound in the fourth quarter on the back of blockbuster releases such as Modern Warfare 2 and Assassin’s Creed II, with continued double-digit growth through August 2010. Pointing to a strong slate of releases through middle of next year, Pachter predicts that a minimum of 16 games will sell 1 million units or more in the first half of 2010.
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