Michael Pachter, the Wedbush Morgan analyst has admitted that he is baffled by the decline in hardware and software sales experienced by the video games industry last month.

Talking to IndustryGamers, Pachter claims that the poor sales overall could be seen as sign that there is something “terribly wrong” with the video game industry.

“The April sales results are baffling to us. The dollar sales level of $399 million (£274 million) is the lowest since May 2007, when this generation was barely underway, and is the weakest April result since 2005, when console software sales totalled only $6 billion (£4 billion) for the full year. The sequential decline of 54% is the greatest in the 11 years that we have been tracking monthly data (except for December-January declines), dwarfing the previous record of 42% set in March-April 2002.”

He went on to add…

“It’s easy to blame the line-up, which was quite light (Ubisoft’s Splinter Cell Conviction was the only AAA title, and it was an Xbox 360 exclusive), but the results suggest something is terribly wrong.”

Photo courtesy of www.konsolifin.net

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