German games industry bucks trend
Nine-month revenue leaps 14% to $1.3 bilCOLOGNE, Germany -- Germany may have slipped into a recession but the local games industry remains bullish, with nine-month figures showing a 14% jump in revenue.
German consumers shelled out €929 million ($1.21 billion) for console and PC games in the nine months ending Sept. 30, according to figures published by the German Trade Association of Interactive Entertainment Software.
The console market was the top scorer, with a 48% boost in sales. Revenue from PC games, however, dropped 17%.
Despite the souring economic climate, BIU managing director Olaf Wolters is predicting a strong Christmas season and forecasting year-on-year growth of at least 20%.