Even Gaming Companies With Uptick In Sales Watch Their Stocks Slide

12/26/2008 05:12 am ET | Updated May 25, 2011
  • Epicenter

While retailers, manufacturers and tech companies are watching their holiday profits slip away, the gaming industry has been basking in impressive sales numbers this fall, giving it a reputation for being "recession proof."

But even gaming companies with an uptick in sales this season are watching their stock prices tumble.

In the short term, at least, gaming is well positioned to make some money during the recession, according to CNET.

Six game industry companies (Electronic Arts, Activision Blizzard, Take Two, THQ, Gamestop and Nintendo) saw their stocks fall an average of 52.53 percent from September to November while the Nasdaq fell 36.91 percent.

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