Famed Wedbush Morgan analyst Michael Pachter has told Digital Spy that he believes that the UK games market is a joke. The UK games market has suffered enormously over the past few years with a number of leading retailers claiming bankruptcy including GAME, HMV and Blockbuster, and the refusal of GameStop to expand into the market. Here’s what Pachter had to say about the volatile market.
“The UK games retail market is a joke, with retailers pricing below cost to drive traffic.”.
“That’s great for consumers, but retailers can’t make any money on games, hence the bankruptcies of GAME, HMV and Blockbuster, and the refusal of GameStop to expand into the market.”