Wedbush Morgan analyst Michael Pachter said 2009 is a horrible year for video game companies, he revealed U.S. PC game retail sales plummeted 38 percent to $27 million in October 2009. In the same time frame console game retail sales dropped 18 percent to $573 million.
As part of a client note sent out today, video game sector analyst Pachter noted many of the topline NPD numbers for October, with console game retail software sales in the U.S. at $573 million, down 18 percent from last year’s $698 million, and much worse than Wedbush's estimate of $635 million (down 9 percent).
Along the way, the analyst also revealed how the money was split -- next generation U.S. retail software sales were $550 million, while current generation U.S. retail software sales were $22 million. Even more interestingly, he revealed that PC game retail software sales in the U.S. were down 38 percent year on year to $27 million for October 2009, a previously undisclosed number.