recently issued a report saying the video game industry may be as "recession-proof" as some in the sector have claimed. So far, sales have been relatively high and it looks like the industry is insulated from some of the problems facing the broader tech field.
"I think it's going to hold up a lot better than other industries," Mindy Mount, chief financial officer of Microsoft's entertainment and devices division told Reuters. "We remain cautiously optimistic."
Nintendo feels the same way. The company's president, Reggie Fils-Aime, told Reuters that as he looks towards the holiday season and the industry's performance, "cautiously optimistic is quite appropriate."
So why all the hope? Because the video game industry is one of the few sectors of the economy that may have the ability to turn the tide and come out on top even though other areas are suffering.
And although the reasons for that forthcoming success can be tied to numerous areas, like the popularity of the Wii and gaming finally competing on the same level with film, I think we miss the core reason for gaming's success today and during the holiday season: children.… Read more