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[StocksonWallStreet]

With the economy still posting its struggles some sectors continue to thrive and one that has huge growth potential is the video gaming industry. The recession has affected the video gaming industry in some unexpected ways. Despite stocks within the sector falling earlier this year due to the collapse in markets video games sales have gone up. Yes according to the Nielsen ratings more consumers are buying video games and playing them longer. Of course the industry itself is down due to the economic disaster however on any level this is positive news. According to the study 42% of gamers have increased their playing time, 35% have spend more money on gaming, and 39% say they’ll spend the same amount in 2009. Gamers are under the same spending pressures every other consumer in America is under and it seems they are trying to get more bang for their buck. With the increased playing time it shows the desire for gamers to get more value out of new line games. Another huge sector for growth within Video games is the purchasing of used-games. Used video game sales are up 50% in 09’. That will help retailers like GameStop who have saw used video game sales jump 32% in the first quarter. I personally think video games sales as a robust industry with high ceilings for potential and growth. I actually think it will soon become the largest entertainment medium in the world and this is why: Click on link to read more:

Video Games a $45 Billion Industry on a Path to the Top | Stocks on Wall Street