Video Game Slowdown Impacts Amazon's Bottom Line

July 30, 2009 -

The Wall Street Journal reports that mega-online retailer Amazon.com posted a 14% revenue increase for the financial quarter ending June 30th, but its profits fell 10% from $158 million to $142 million.

Amazon’s Chief Financial Officer Tom Szkutak commented on the drop laid much of the bad news on declining video game sales:

You're seeing an industry slowdown in videogames and consoles.

Despite singling out games, other factors impacted the profit fall such as “flat” media sales in North American (including books and music) and a $51 million legal settlement paid to Toys R Us.

Via: GamesIndustry.Biz

Reporting from San Diego, GamePolitics Correspondent Andrew Eisen...


Comments

Re: Video Game Slowdow Impacts Amazon's Bottom Line

Why did they paid toys r us $51 million?

http://www.magicinkgaming.com/

Re: Video Game Slowdow Impacts Amazon's Bottom Line

Had to do with a 2004 dispute where Toys R Us was to exclusively supply Amazon with stuff.

Source: http://www.businessweek.com/ap/financialnews/D99KDI880.htm

Re: Video Game Slowdow Impacts Amazon's Bottom Line

Re: Video Game Slowdow Impacts Amazon's Bottom Line

When consoles go over 200 or 300 dollars, and game prices are approaching over 60 dollars, of course new sales are going to drop. And despire what the industry is trying to do, eradicatign the used market will mean people simply won't game.

Re: Video Game Slowdow Impacts Amazon's Bottom Line

 They need to lower the prices. I mean we are seeing the price of video games at the level it was during the N64. Sony's PS1 price and the games price point 39.99 and 49.99 is something people can work with

Re: Video Game Slowdow Impacts Amazon's Bottom Line

This is why I shifted to Digital downloads on my Xbox 360, Wii and PS3, I still buy retail games time to time

Watching JT on GP is just like watching an episode of Jerry springer only as funny as the fights

America has just became its own version of the Jerry Springer Show after a bizarre moment in Florida involving a carnival worker.

Re: Video Game Slowdow Impacts Amazon's Bottom Line

Yeah, the price of video games IS slowly climbing, but it hasn't quite reached those levels yet. In Canada, most high profile new releases are now selling for 70$, which means I don't buy any new console games. It sucks, but I can't justify that much money for a game.

I'm being relegated to the PC scene (which I like better anyway), where new releases are consistently at 49.99.

But yeah, back in the N64 days I paid over 80 dollars for Tony Hawk 2. Yeesh, I can't believe I did that.

Re: Video Game Slowdow Impacts Amazon's Bottom Line

we need games to be rpiced the same as film 10-30 a pop. It will do far more good than bad.

 


I am a criminal because I purchase media,I am a criminal because I use media, I am a criminal because I chose to own media..We shall remain criminals until Corporate stay's outside our bedrooms..


http://zippydsmlee.wordpress.com


Copyright infringement is nothing more than civil disobedience to a bad set of laws. Let's renegotiate them.

---

http://zippydsm.deviantart.com/

Re: Video Game Slowdow Impacts Amazon's Bottom Line

Nah, I think paying $70 for an N64 game was worse, and $70 in 1998 dollars is somewhat more than $70 today. Right now I don't see the games top more than $60, not including those that come with extra accessories.

GameSnooper

Re: Video Game Slowdow Impacts Amazon's Bottom Line

I think that 51 MILLION DOLLAR SETTLEMENT Might have had a bigger role in screwing with their profits than the economy.  I know, sounds crazy.

 
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ZippyDSMleeuuuhhhggg in other news been sick since last night.....uuhggg.....I iwsh it did not hurt so much when my tummy wants to leave my body..02/28/2015 - 11:39pm
ZippyDSMleeBrings me to the Q why alt costumes would be needed in competition anyway... http://www.eventhubs.com/news/2015/feb/28/dead-or-alive-community-aims-ban-over-120-overly-sexualized-costumes-dead-or-alive-5-last-round/02/28/2015 - 11:36pm
MonteThough from a business side, i would agree with the article. While it would be smarter for developers to slow down, you can't expect EA, Activision or ubisoft to do something like that. Nintnedo's gotta get the third party back.02/28/2015 - 4:36pm
MonteThough it does also help that nintendo's more colorful style is a lot less reliant on graphics than more realistic games. Wind Waker is over 10 years old and still looks good for its age.02/28/2015 - 4:33pm
MonteWith the Wii, nintnedo had the right idea. Hold back on shiny graphics and focus on the gameplay experience. Unfortunatly everyone else keeps pushing for newer graphics and it matters less and less each generation. I can barely notice the difference02/28/2015 - 4:29pm
MonteON third party developers; i kinda think they should slow down to nintendo's pace. They bemoan the rising costs of AAA gaming, but then constantly push for the best graphics which is makes up a lot of those costs. Be easier to afford if they held back02/28/2015 - 4:27pm
Matthew Wilsonhttp://www.forbes.com/sites/insertcoin/2015/02/28/the-world-is-nintendos-if-only-theyd-take-it/ I think this is a interesting op-ed, but yeah it kind of is stating the obvious.02/28/2015 - 2:52pm
prh99The government probably doesn't need an app, but I was think more along the lines of a company that was going to sell the collected info. “If you're not paying for the product, you are the product” sometimes even if you pay.02/28/2015 - 1:50pm
E. Zachary KnightWhat better way for the government to keep track of you than to get you to install an app that lets you insult the government.02/28/2015 - 11:03am
prh99No, but I looked it up and it's basically spyware. Their privacy policy says their apps tracks among other things your location and browsing habits via cookies.02/28/2015 - 8:20am
Ryan RardinHas anyone here heard of an app called iCitizen? It's basically Yelp for politicians.02/28/2015 - 5:16am
Andrew EisenAh, not linked in the way you (and everyone else) want and expect. That's true.02/27/2015 - 10:06pm
Matthew Wilsonthey are not linked in a way that tracks purchases though. the fact that they have to send a code for the other system shows that they are not linked in the way it counts.02/27/2015 - 9:39pm
Andrew EisenAccounts are already linked. Have been for quite a while. Also, Mario vs. Donkey Kong was announced as a cross-buy title during last January's Nintendo Direct.02/27/2015 - 9:25pm
Matthew Wilsonhttp://www.vg247.com/20…/…/27/olli-olli-3ds-wii-u-cross-buy/ I wounder if this is a sign that Nintendo may finally link accounts across the 3ds/wiiu in the near future.02/27/2015 - 9:18pm
prh99http://www.romanoriginals.co.uk/invt/70931?colour=Blue The dress does comes in white and blue but both have black lace and a sheer back top, I don't see gold or brown. 02/27/2015 - 8:54pm
ZippyDSMleeDungeons was a so bad so good game to me so I been keeping up with its sequel which will more of a Dungeon Keeper clone. As for pre order out of 7 preorders I was not burnt by 2... Add my contempt of most of modern game design.Ya I have all kinds of hurt.02/27/2015 - 8:40pm
MechaTama31I don't even want to know...02/27/2015 - 8:22pm
ZippyDSMleeFun? I can do fun…. I think LOL. Dungeons 2 is on preorder but not via steam... >> Hell I am breaking all kinds of personal butthurt rules to even THINK about pre order...02/27/2015 - 8:12pm
E. Zachary KnightHad some fun discussions about that dumb dress on Facebook. I opened the original picture in GIMP and sampled the colors and determined them to be Blue and Gold. People still say I am wrong.02/27/2015 - 7:41pm
 

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