NPD: February sees 34 percent US sales spike

American game market bucks recession, beats analyst expectations with $1.33 billion haul; PS3 bests 360 for second month running; COD4, DMC4 top games.

With stocks falling, housing values plummeting, and the Federal Reserve dishing out emergency loans, most economists agree most parts of the US economy are on the verge of a recession. Conversely, the game industry is on the rebound, according to the latest report from the NPD group. After a mixed January, US retail sales of game software, hardware, and accessories shot up 34 percent in February, topping $1.33 billion and beating analyst expectations.

See that case? It's full of money.

"Even following a red-hot 2007, the video games industry shows no sign of letting up as year-to-date sales through February are up 12 percent over last year," said NPD analyst Anita Frazier. "Taking the extra week of sales included in the 2007 figures, on a comparable week's basis, 2008 is up approximately 26 percent over last year (through February)."

Of the various sectors, software generated the most revenue, rising 47 percent to nearly $669 million. The month's best-selling title was once again the Xbox 360 edition of Call of Duty 4: Modern Warfare, which moved 296,200 units during the month. Hot on its heels was the hellfire-kissed Devil May Cry 4, which sold 295,200 on the 360 (2nd) and 233,500 units on the PlayStation 3 (4th). DMC4's massive combined 528,7000-unit haul made it the best-selling domestic multiplatform game of the month, all but ensuring a Devil May Cry 5 somewhere down the line.

Coming in third was the ubiquitous Wii Play, which sold just shy of 290,000 units by virtue of being bundled with the Wii Remote. Another Wii game, Guitar Hero III: Legends of Rock, came in fifth with 222,900 units sold. Rounding out the top 10 were Mario and Sonic at the Olympic Games (DS, 205,600 units), Lost Odyssey (360, 203,600 units), Turok (360, 197,700 units), the PS2 version of Guitar Hero III: Legends of Rock (183,00 units), and Rock Band (360, 161,800 units).

On the hardware front, Nintendo was once again the undisputed victor, with the DS selling 587,600 units and the Wii 432,000. However, the Xbox 360, the third-place finisher for most of 2007, finished at the bottom of the pack once again, coming in fifth with 254,600 units. It was bested by both the PlayStation 2's 351,800 units and 280,000 units of the Blu-ray-disc-playing PlayStation 3, which was boosted by the lighting-quick implosion of the rival HD DVD format last month. Last and, numerically speaking, least was the PlayStation Portable with 243,100 units.

"While hardware inventory issues at retail may still be lingering post-holiday, the fact that all now-gen systems generated significant year-over-year hardware sales increases indicates the situation is coming into balance faster than it did last year," said Frazier. "I was most surprised by the PS2 hardware sales numbers this month. While it certainly has earned its spot among the now-gen slate of console systems because of it staying power in the marketplace, the fact that it realized such significant growth this month is really a testament to its broad adoption and the response of consumers to promotional activity at retail."

Even before NPD released its report to the press, the big three console makers were filling inboxes worldwide with their own spin on the matter. Saying it was "extending its lead" in overall sales, Microsoft claimed that "$332 million was spent on the Xbox 360 platform this month, capturing 39 percent of this generation's ecosystem." The software giant also claimed that the US installed base for the 360 is 9.6 million versus the Wii's 8.1 million and the PS3's 3.8 million.

Unsurprisingly, Sony made much of the PS3's trumping of the 360 for the second month in a row, and played up that sales of the console have increased 120 percent year over year. It also reminded the world of several exclusives for the platform, Gran Turismo 5 prologue (April 15) and Metal Gear Solid 4: Guns of the Patriots (June 12). Sony also announced there are 3.3 million registered PlayStation Network visitors in North America who have downloaded 56 million pieces of content.

Finally, Nintendo took the obvious approach, noting that 47.6 percent of all hardware sold in the US in February bore its logo. Software sales weren't too shabby, either. "Nintendo DS games topped all software sales, with more than 3.6 million units sold," the company crowed in a statement. "Consumers purchased nearly 2.9 million software units for Wii. Four of every 10 games sold were for Nintendo systems."

US VIDEO GAMES INDUSTRY - FEBRUARY 2008

Software: $668.7m (+47%)
Hardware: $480.0 million (+19%)
Accessories: $185.3m (+36%)
Total Games: $1.33 billion (+34%)

TOP-SELLING HARDWARE - FEBRUARY 2008

Nintendo DS 587,600
Wii 432,000
PlayStation 2 351,800
PlayStation 3 280,800
Xbox 360 254,600
PlayStation Portable 243,100

TOP-SELLING SOFTWARE - FEBRUARY 2008

Title / Publisher / Release Date / Units
1) Call of Duty 4: Modern Warfare* (360) / Activision / 7-Nov 296.2K
2) Devil May Cry 4* (360) / Capcom 8-Feb / 295.2k
3) Wii Play w/ Remote* (Wii) / Nintendo / 7-Feb / 289.7K
4) Devil May Cry 4* (PS3) / Capcom / 8-Feb / 233.5K
5) Guitar Hero III: Legends of Rock* (Wii) / Activision / 7-Oct / 222.9K
6) Mario and Sonic at the Olympic Games (DS) / Sega / 8-Jan / 205.6K
7) Lost Odyssey (360) / Microsoft / 8-Feb / 203.6K
8) Turok (360) / Touchstone / 8-Jan / 197.7K
9) Guitar Hero III: Legends of Rock* (PS2) / Activision / 7-Oct / 183.8K
10) Rock Band* (360) / MTV Games, Electronic Arts / 7-Nov / 161.8K

*Includes Collector's, Limited, Legendary, Bundles (Guitars) Editions

695 Comments

  • vision2020

    Posted Mar 14, 2008 2:22 pm PT

    as much as i love metal gear I can guarantee it wont be a system seller like grand theft auto, and I doubt it will stay an exclusive

  • quincy0191

    Posted Mar 14, 2008 2:21 pm PT

    @4quarters:

    But it's not.

    If the Wii cost the same as the PS3, it would have similar technology; since it doesn't , it costs less. Are you proposing that a system with superior technology would outsell another system if they are priced the same? If so, thank you Captain Obvious.

  • x_SuperMario_x

    Posted Mar 14, 2008 2:20 pm PT

    4quarters:

    no next gen technology in the Wii?
    what about the Wii remote?
    wow, you're a dumbass.
    suck my Wii.

    and quincy is right, if the Wii cost $400 it'd have more technology too.
    but it doesn't, and guess what,
    people love the Wii.

    you're one of those people that only see graphics.
    well good, never play SSBB, or Zelda, or SMG, or Mario Kart.

  • Boo_looDODO

    Posted Mar 14, 2008 2:16 pm PT

    video games!

  • gkclassof2005

    Posted Mar 14, 2008 2:14 pm PT

    thats the spirit wwonka666. get what you like...play what you like. enjoy what you like. the competition is between the companies...not the consumer. so do like wwonka, i and others and just reap the benefits

  • PreLuDe_DuDe

    Posted Mar 14, 2008 2:12 pm PT

    I think the reason why is quite simple. It cost money to drive and go out all the time for leisure, so people are opting to stay home more than ever. So what to do at home? Well? Videogames, dvds, and cable tv.

  • gkclassof2005

    Posted Mar 14, 2008 2:04 pm PT

    your right KC_Hokie. it does matter to the developers and manufacturers...but we arent them. we are the consumer. we just buy stuff for our entertainment and support them. my reason for posting that is for the ones that go back in forth over exclusive content or games and which console is better. all the current consoles have their strengths and weaknesses. i was just saying that people need to stop the slander just cause someone else doesnt liek what they like. for instance the fanboy name calling crap gay 60, delaystation 3" (dont rally kno any for wii...wii does its own thing) "my console is better than yours, i love my 360. i love my ps3" yada yada if you love you console then shoot for it. have fun with it. but what benefit do you get out of discouraging someone else cause they have a different preference? thats liek saying i like powerade over gatorade. "i love my powerade...f u gator****" thats the concept i see in every single post about gaming news and sales charts. its ok to compare but is it necessary for the name calling and slander. i pointed out key notes why i chose ps3 over 360 (i actually owned a 360). thats my reasons. i cant call someone stupid cause they dont think like i do. their entitled to their own opinions, interests, and personalities. thats all i was trying to point out.

  • sparkypants

    Posted Mar 14, 2008 2:02 pm PT

    I think its good news to see the gaming industry starting to boom, now we are 1,000,000,000 points away from being a respect source of media ( I made a funny)

  • 4quarters

    Posted Mar 14, 2008 2:02 pm PT

    If the Wii cost the same as a PS3 the race would be over......there's no next-gen technology in the Wii, so it looks cheaper. PS3 would walk all over both systems if it were priced the same, YOU CANNOT DENY IT!!!

  • wwonka666

    Posted Mar 14, 2008 2:00 pm PT

    Do what I did, buy all the systems, I have a Wii60PS2-3PDS. Hell I got four DS's in my house and two PSP's. Everyone loves videogames in my house and if you are a videogame lover you shouldn't even care about this fricking sales numbers. Buy all the systems that way you can have a blu-ray player and a videogame machine, enjoy touchscreen games and hardcore games on the go and play all your old PS2 stuff two (keep your ps2 folks) buy 40GB unless you can find the Motorstorm pack and then get that cause the extra 40GB and the Motorstorm game are worth the $100, but still keep your PS2. I also have a HD-DVD attachment and a standalone HD player, even though the format is dead, it was superior to blu-ray, trust me on that one. You don't need 50GB to store a HD movie 25 was enough. But i'm ok with it cause i've stocked up on players and am getting HD-DVD's at terrific values and with the extra players I've bought will be able to enjoy them into the future. I've even picked some HD-DVD's up that were also on blu-ray because of the great deals. Damn it's good to be me.

  • evergrant2

    Posted Mar 14, 2008 1:55 pm PT

    wow lost odyssey is in the top 10. i didnt see that coming. I guess thats a good thing. I like the game I hope we get more.

  • peacenutman

    Posted Mar 14, 2008 1:55 pm PT

    Woah, I'm pretty surprised that X360 version of DMC4 beats PS3 version, what a shame, PS.

  • Yuck_Too

    Posted Mar 14, 2008 1:43 pm PT

    --jasonbarbour --

  • halfbreed11111

    Posted Mar 14, 2008 1:28 pm PT

    yeaha watch video games bounce the ecomony back up lol

  • Stryder_18

    Posted Mar 14, 2008 1:23 pm PT

    Guys this is good news for all video games and video games systems, don't make this about individual ones, all the systems together helped with this. So stop whining about well my systems better or this system sucks and blah blah blah blah blah. Sheesh!

  • Thornscar

    Posted Mar 14, 2008 1:18 pm PT

    All that matters is game sales. And 360 still has the better selling and rated games. Thats fact not opinion.

  • flavort

    Posted Mar 14, 2008 1:12 pm PT

    darkride66

    I am not sure you have any point here. Your concept is flawed in relation to the wii. They out sold the PS3, so tell me how supply and demand came into play with your reasoning. All of the other stuff you are commenting on is not exactly how business is run. Stores buy products according to projected sales. When that is not met it is considered overstock. The reason for having it is to sell it, you are right. If you pay attention to sales you see that the PS3 sells more than the 360. You are trying to conclude that is because they have the supply. It could be part of it, but then you have the wii. There is no overstock issue with the wii. So your reasoning does not fit the scenerio. Add into the issue the game sales and the top games are largely 360. Does that mean anything? Sure. It means the 360 has better games, or more people own it. If more people are buying the PS3 then I would expext the game sales to match in some respect. To just take one aspect of the market and run with that is not accurate to the overall.

  • KC_Hokie

    Posted Mar 14, 2008 1:11 pm PT

    jasonbarbour - "It's still profits for sony, probably more so as the ps2 is much chaeaper to make and development has been well paid off by now. Besides, when these new PS2 owners decde to finally go next gen, will they pick 360 or Wii that are unfamiliar to them or upgrade to the PS3 that will alow them to still play their old PS2 games and have familiar controls etc."
    ...Publicly Sony says selling 351,800 PS2's is great....privately they are probably pissed that 71,000 more people decided to buy a 7+ old year system instead of their newest console! And the 360 has outsold the PS3 nearly 3 to 1 in North America thus far. Your theory about PS2 owners eventually upgrading to the PS3 has already been proven wrong (the PS2 outsold the xbox in NA by many times...thus the PS3 according to your theory should, at the very least, be 3 to 1 over the 360).

  • DoomBringer2010

    Posted Mar 14, 2008 1:06 pm PT

    all that matters is that the gaming industry is booming which means more games who cares about console sales u all are a bunch of big babies, i does not matter as long as im gettin games to play im happy

  • carljohnson3456

    Posted Mar 14, 2008 1:06 pm PT

    "Yuck_Too PlayStation 2 = 351,800 Frankly that has to be a tad troubling for people. In the long run developers go where the money is...and the PS2 is still selling serious quantities"

    Yuck, that argument made since to me about 6 months ago... now, not so much. I mean, sure, it's logical, but it's not realistic. If that was the case, devs would be putting COD4 on the Wii, or MGS4 on the Wii, or Gears on the Wii. Last generation is pretty much over, and devs are looking to the future. Sure, the PS2 is still selling well, but the PS3 isnt doing too shabby. Devs arent going to be bringing any real titles to the PS2 over the PS3. You do know that the PS3 and 360 are on par in terms of sales, right?

  • jasonbarbour

    Posted Mar 14, 2008 1:05 pm PT

    It's still profits for sony, probably more so as the ps2 is much chaeaper to make and development has been well paid off by now. Besides, when these new PS2 owners decde to finally go next gen, will they pick 360 or Wii that are unfamiliar to them or upgrade to the PS3 that will alow them to still play their old PS2 games and have familiar controls etc.

  • Shadow_Fire41

    Posted Mar 14, 2008 1:04 pm PT

    wow, a Japanese RPG other than a game by Square Enix, Konami, or Capcom get top 10 sales, and from the makers of Blue Dragon at that. (yes, the same company that made Blue dragon made Lost Odyssey)

  • toddze

    Posted Mar 14, 2008 1:04 pm PT

    omg @ all you xbox fanboys and PS fanboys. Stop trying to justify why your system is better. Its better in your eyes and thats what matters! They each have their strong points. I really tire of reading forums about ps3 exclusives vs xbox exclusives. Unless you have both systems stop judging the other. I have both systems and there both fun to play. I am not going to get into which one i prefer because i dont want to turn this post into that. If your happy with the system you have, it is the best.

  • KC_Hokie

    Posted Mar 14, 2008 1:01 pm PT

    darkride66- ....as a result 71,000 more PS2's were sold in NA than PS3's. Not exactly what Sony was hoping I'm sure!

  • darkride66

    Posted Mar 14, 2008 12:58 pm PT

    flavort. Once again, thanks for explaining how keeping up with demand for a product is bad. If only Sony took a page from the Wii and 360, they too could be selling far less than their potential. That would undoubtedly solve a number of headaches that go along with increasing product sales. Think about it, by keeping their product in stock in stores, those consoles have to come from somewhere, they don't grow on trees. Where are those coming from? Seriously, who needs those kinds of hassles? And removing features that no one used to bring down prices like the customers were demanding, or offering consumer choice, who does that? What does the public know? Now people are buying more of their product, they have to keep it stocked so people can buy it...man. What a lot of unnecessary resource management.

  • Yuck_Too

    Posted Mar 14, 2008 12:52 pm PT

    PlayStation 2 = 351,800

    Frankly that has to be a tad troubling for people. In the long run developers go where the money is...and the PS2 is still selling serious quantities.

    When the worst PS2 title makes more money then some of the best titles on other platforms you have to wonder where those developers are going to put their future efforts.

    And you can argue system specs and graphics all you want. Business exists to make money and it's all about maximizing profits.

  • hotdork70minus1

    Posted Mar 14, 2008 12:51 pm PT

    PS...Selling content, accessories and games is what makes profit. 360 has a 7 to 1 game to console ratio along with an insane amount of accessories sold and XBL transactions. That blows Sony & Nintendos 3 to 1 and 2 to 1 out of the freaking water.

  • hotdork70minus1

    Posted Mar 14, 2008 12:48 pm PT

    A brand new Ninja Gaiden, Too Human and GTA with the 3 exclusives sounds alot more attractive then MGS4. Driving games haven't changed enough and GT is just there to look pretty, in the end your still doing the same crap in every driving game. Do people forget that theres still 2 more Halo games coming out this year ??? Not to take sides but those are gonna move quite a few systems just because of the name. I'm excited about MGS4 but it's just the next game to say " look what the PS3 can do " , at least this one, hopefully and finally will make good on that promise.

  • x_SuperMario_x

    Posted Mar 14, 2008 12:46 pm PT

    carljohnson3456:

    and the Xbox and PS3 don't have SSBB, SMG, Zelda: TP.
    even though its different, its still competing with the other consoles.

    but it doesn't even matter.
    as long as developers keep making great games,
    what does it matter?
    i'd buy a Wii even if nobody else in the world bought one,
    same goes with the Xbox and PS3.

    nobody argues about who's car sells more.
    so why does everyone get so jumpy about their gaming console?

  • ski11buzz

    Posted Mar 14, 2008 12:45 pm PT

    Wow, ps3 is outselling 360 and still not one playstation popuilar franchise has hit (except ratchet) cant imagine when MGS4 drops what the sales will be like

  • KC_Hokie

    Posted Mar 14, 2008 12:45 pm PT

    carljohnson3456 - "Ha, you think the head start of the PS2 was the reason the PS2 went on to sell 100,000,000 units (literally) more than the Xbox?"
    ....You seriously think being out 19.5 months (nearly two years) BEFORE the xbox didn't have anything to do with the PS2's success and ultimate victory in that generation's battle? Games were developed for the PS2 FIRST which gave it a huge advantage over the xbox (including exclusives). The 360 copied that strategy by being released 12 months and six days BEFORE the PS3. The 360 now has a larger library of quality games (and exclusives) using the PS2 strategy. (I want to make it clear I don't own any of the three current systems...I am a PC gamer holding off buying a console)

  • flavort

    Posted Mar 14, 2008 12:41 pm PT

    Darkride66 said

    Ah, I understand. You see, I thought that product in stores means that there's product to sell and so sales would be stronger than the product you can't buy because there aren't any. It's strange but the NPD data would seem to support that conclusion, but what do I know? I thought keeping up with consumer demand was a good thing. -----------------------------------------------------------------
    It is a good thing. As you know the concept is if the demand is high you can sell for more. If the demand is low you sell for less. The price is dropping and stores stocked up hoping to supply the demand. It has to compete with the other systems as far as price is concerned and that goes both ways. There is the fact that PS3's have been stripped down along with that price reduction to give you a weaker product. So the price drop gave you a stripped down version while the competition had a price drop with no reduction on the product itself. Hoping to get more sales from the price reduction stores stock up. The demand was not there as much as thought so that is a reason there are so many systems piled up in stores.

  • Yuck_Too

    Posted Mar 14, 2008 12:41 pm PT

    --x_SuperMario_x --
    I believe the phrase you are looking for is...

    "Coming in second makes you the first loser."

  • darkride66

    Posted Mar 14, 2008 12:39 pm PT

    Yuck_Too said "Gotta love numbers and spin right darkride66?"
    I'm an investment advisor. It's like mothers milk to me.

  • kyriakos11

    Posted Mar 14, 2008 12:37 pm PT

    PS3 officially won the war guys...(bluray)

    A new xbox 360 is coming out in 6 months, it will cost $600

    And in 1 year time almost all the games it will be on bluray

    So long story short,the people that already bought an xbox 360,they got ****

  • carljohnson3456

    Posted Mar 14, 2008 12:37 pm PT

    The Wii isnt really competing with the PS3 and 360 though, Mario. The Wii doesnt have COD4, DMC, Army of Two, GTA, etc. That's fine, but that's why the PS3 and 360 compete more than the Wii and PS3, or Wii and 360. It's a totally different console, for a totally different demographic.

  • Yuck_Too

    Posted Mar 14, 2008 12:37 pm PT

    Amazing...go PS3!

    It outsold the 360 by 26,200 units (which is a little less then last month but no matter)...at that rate Sony will catch up and destroy the Xbox in only 22-more-years!

    Oh wait...that's just America they sell even more in other countries!...make that only 10-years to go!

    Gotta love numbers and spin right darkride66

  • x_SuperMario_x

    Posted Mar 14, 2008 12:33 pm PT

    why is everyone leaving out the Wii?
    everyone keeps arguing over Xbox and PS3...
    while the Wii is kicking everyone's ass.

    think about it,
    you all are arguing about who is going to be second to the Wii.
    so you're both losers,
    just one console is going to be more of a loser.

  • Nineball2112

    Posted Mar 14, 2008 12:33 pm PT

    darkride66 said: "Like I've said before, if you have two consoles, both play great games and have strong line-ups and one feeds my cat, you can argue "It's a games console, it shouldn't feed cats!" and you'd be right but at the end of the day, Dude, it feeds my cat too.

    Man, that is hilarious and absolutely 100% true. I couldn't agree with you more. They both play great games and both look good, but you get so much more with the PS3 right out of the box. I find it strange that people (for the most part) don't see that they are pretty identical in terms of gaming but the PS3 offers way more features.

  • darkride66 posted Mar 14, 2008 12:30 pm PT (does not meet display criteria. sign in to show)

    darkride66

    Posted Mar 14, 2008 12:30 pm PT (hide)

    patton101 "the great thing about this gen of systems is there was no flat out loser."
    ...Must......resist......Gah!
    You mean except for the Xbox fanboys! Can you believe those guys!? It's like they think the 360 descended from heaven on a golden chariot and will lead them all to the promised land. It's a video game console. It's a hobby! I wonder if the model train forums are burning up with the differing merits of red vs blue grain cars?

  • darkride66 posted Mar 14, 2008 12:21 pm PT (does not meet display criteria. sign in to show)

    darkride66

    Posted Mar 14, 2008 12:21 pm PT (hide)

    flavort said "If the demand was there the shelves would not be that packed is the point."
    Ah, I understand. You see, I thought that product in stores means that there's product to sell and so sales would be stronger than the product you can't buy because there aren't any. It's strange but the NPD data would seem to support that conclusion, but what do I know? I thought keeping up with consumer demand was a good thing.

  • flavort

    Posted Mar 14, 2008 12:18 pm PT

    Darkride

    I thought the achievements were lame. Now they are a good reason to replay something you liked. I would not replay a corny game to get them. The games I really like I would though. It really is not a big deal though. I like to get the skill points on the Imsomniac games and the Naughty Dog cames also. You cant get tweaked out on them though. Like the ones that have achievement rounds. That is such a waste of time, especially for those that want to play. It is fun to mess them up for wasting your time.

  • 14musrocks

    Posted Mar 14, 2008 12:15 pm PT

    I agree with the fact that this is all good news...Ultimately our goal is to boost the video game industry, by any means necessary, and that seems to be happening..
    I don't know why so many people believe that console exclusives measure a console's success. Multi-platform is simply gaming companies taking the opportunity to make more money across all platforms and to allow more gamers to acquire the software. If a multi-platform game wants to be on your system, thats great news

  • brianpoetzel

    Posted Mar 14, 2008 12:13 pm PT

    Achievements are cool if you don't get all OCD about them.

  • darkride66 posted Mar 14, 2008 12:11 pm PT (does not meet display criteria. sign in to show)

    darkride66

    Posted Mar 14, 2008 12:11 pm PT (hide)

    flavort. Meh. I've always found achievements to be just a virtual pat on the head from MS. "Whose a good gamer! Whose a good gamer! You are! Yes you are! Yes you are!" I thought it was cool at first but eventually, after beating myself up, not really having fun anymore, just to get an extra 50 points I had enough. I can see the appeal to some people, but this doesn't factor into my buying. As for the online, yeah it's only $50, but if I don't have to spend $50, why would I? It's like throwing money out the window. Can I afford it? Yeah, but why on earth would I?

  • imperial_agent

    Posted Mar 14, 2008 12:06 pm PT

    LOL @ all the fan girls

  • flavort

    Posted Mar 14, 2008 12:05 pm PT

    Darkride66 said

    flavort pointed out "There are stacks of PS3's everwhere I live."
    I missed something during this whole console war. When did keeping up with demand become a bad thing?
    ------------------------------------------------------------------
    If the demand was there the shelves would not be that packed is the point. I dont think any system is going to win any "war" I had the PS2 and had no need for the XBOX, and the controllers were terrible.Then when there was any good new games out for the PS2 I got it. I was able to play all the killer games that I was missing out on. So I also found that the same games on both systems were better for the XBOX, and the controller had changed. So I traded the PS2 ones and got the XBOX versions. There was a difference for sure. I would have waited for the PS3 to drop to a decent price but did not want to lose the ability to play the PS2 games. So I got the 60gb. That is the only one that is worth the high investment since it has the PS2 engine and not a emulator. I like all 3 systems thats why I own all 3. If I was going to only have 1 it would be the 360.

  • Zerosumgame

    Posted Mar 14, 2008 12:00 pm PT

    I don't see how this is good news, usually recession take months to feel the effect and we obviously at the early stage or it. Kids from money from their parents and when their economic wellbeing is at stake, they won't be able to provide luxury for their kids, I am interested to data 6-8 months from now, see what happen by then.

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