Tag Archives: crunch

Counter-credit crunch measures could aid struggling studios

A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a frightening deterioration”, with December’s High Street numbers proving the worst since the body began monitoring them in 1989. The BCC went on to predict that official government figures set …

The latest UK High Street statistics from Synovate Retail Performance show that the number of non-food shopping trips made between November 30th and December 6th climbed by 10.1 per cent compared to the week before – though the number is still 4.1 per cent down on the same week in …

The extent to which the games industry is or is not ‘recession-proof’ will be revealed over time, but two leading industry analysts have warned that casual-centric games firms, and more specifically Nintendo, could be more severely affected than most. To read more, click here to visit CasualGaming.biz.

Microsoft’s VP of strategy and business development for Microsoft’s Interactive Entertainment Business Shane Kim has warned that the games industry will not be completely insulated from the effects of the global economic crisis. Of his own business, Kim told Reuters that he was cautiously optimistic” about Xbox sales, adding: A …

Platform holder Microsoft has revealed that it ‘recently’ enjoyed its biggest ever sales week in Europe – and it’s thanking the effects of the economic crisis for the boom. A press release from the firm reads: British families are set to spend more quality time together than in the last …

With the global commerce sector preparing for what could potentially be a lacklustre Q4, UK daily broadsheet The Guardian has predicted that the boom in mass-market friendly casual gaming could see the games sector come off lightly. CasualGaming.biz has the full low-down.

The effects of the current global economic global crisis could see sales of Blu-ray discs and associated technology dramatically underperform this Christmas, according to some industry observers at the recent HD3 Conference in the US. The economy is the biggest challenge, because there are just so many pieces to the …

Whilst shopping numbers have to date remained buoyant amidst the current global credit crunch, October stats from the Retail Traffic Index make for sombre reading for retail, with a 3.1 per cent year-on-year drop in shopping trips reported. The numbers were also 1.3 per cent down on September. Dr Tim …

Sony Computer Entertainment boss Kazuro Hirai has expressed his belief that the games industry can whether the storm of the increasingly volatile global financial unrest. Speaking to The Financial Times, Hirai stated: As long as we can generate excitement, then we will be less affected than other industries.” However, the …