With consumer confidence at a 16-year low and many economists talking recession, many wondered if March would be the month that the game industry finally felt the effects of a slowing US economy. That won't be the case, Colin Sebastian believes. Today, the Lazard Capital Markets analyst's March NPD preview claimed that game software sales once again defied the US' economic malaise.
In a note to investors, Sebastian says he believes gaming software sales in the US saw growth of 35 percent year-over-year in March. By comparison, March 2007 software sales saw double-digit growth over the same period of time in 2006, hiking 15 percent to $574 million.
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