12.03.2008

Recession Proof

CNBC's Jim Goldman reports that while consumers are pulling back on spending for many holiday gifts, they are continuing to shell out cash for video games.
The first recession was considered as 'Hollywood's hay day." People flocked to the movie theaters seeking comfort while they watched Shirley Temple. But now due to the high price of movie tickets people are quicker to turn to video games. The video game industry is booming from reported sales for the holiday season, making it a luxury item. It has become a better entertainment state of choice. Number one in the market right now is the Nintendo Wii. Video games are at their all time high showing that it stand as recession proof.

No comments: