Source Pravda.Ru

US Video Games Sales Fall 29% in July

According to the research group NPD, sales of video games and consoles in the US fell to $848.9m (£512.2m) in July, down 29% from $1.19bn in the same month last year.

Nintendo's Sports Resort game for the Wii console was the month's best-seller with 508,000 copies bought.

The Wii remained the top-selling console, followed by Microsoft's Xbox 360 and Sony's Playstation 3.

About 250,000 Wii consoles were sold, which was roughly half the level from the same month last year, BBC News reports.

However, Anita Frazier, an analysts at NPD, said the worst should now be over. "While year-to-date results are weak, there are some big titles set to be released over the next several months, including Madden this month, which should help spur sales," she said, Telegraph.co.uk reports.

To climb out of the red zone, sales from August through December would need to grow 11% from a year earlier, she said, The Los Angeles Times reports.

Wedbush Morgan analyst Michael Pachter said the July results were weaker than he had expected, but he also noted that the worst is over.

"I think the silver lining is, we're in the trough of the decline," he said. "The bottom is worse than I thought, but I'm certain we've hit bottom," Reuters reports.

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The World Cup that is about to finish in Russia has shown that the Western propaganda machine has failed to create the image of Russia as a monster with "many tentacles." By and large, the Russians and the Ukrainians are close to each other

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