*** BRYAN GARNIER : After NPD, UBISOFT REMAINS ON OUR TOP PICK LIST ***

[blubber]

BG said in a note published today that US packaged game sales y/y in December were -2%, but about +6% including bundles.
BG also notes that hardware sales in December were down 4% y/y (vs. BG expectation of a double-digit decline) because of tough comps (new-gen consoles were launched in Nov. 2013) and lower console prices.
Xbox One was the best-selling console for the 2nd time in CY14.
BG stated that packaged software sales were down 2% y/y (vs. BG +7% est.), but including bundled games (a major factor at end-2014) the reality is rather close to +6% (vs. BG +10% est.).
BG said Ubisoft ranked 2 games in the Top 10 (in line with BG est.) and 4 games including bundled software (vs. BG est. of 3 games).

BG concluded that their hierarchy of ratings remains unchanged:
« UBISOFT (Buy – Target Price EUR21) is in our Top Pick list, and we remain cautious on GAMELOFT (Neutral – FV EUR3.3) ».

• This topic was modified 9 years, 10 months ago by blubber.
• This topic was modified 9 years, 10 months ago by blubber.
• This topic was modified 9 years, 10 months ago by blubber.

[Lowa63]

Thanks Blubber! Hardware -4% en décembre y/y! C’est beau!

[Jean]

@Lowa63

Attention baisse de 4% en « valeur » et non pas en unités :).

La Xone a été écoulée à 349$, c’est à dire 150$ plus bas que l’an dernier (sous l’effet des versions sans kinect notamment).

Créateur du site en mode cordial 🙂

[Jean]

Je retiens surtout « 4 jeux si on inclut les bundle »…

Créateur du site en mode cordial 🙂

[blubber]

J’ai l’impression qu’en général, c’est un peu moins qu’attendu, mais pour Ubisoft, c’est plutôt un peu mieux qu’attendu, non ?

Et en tout cas, on parle « seulement » des ventes physiques et seulement des US.

[blubber]

Hmm, les autres analystes sont plus positifs pour le secteur.
D’après l’indication de cours avant l’ouverture de la bourse, c’est neutre pour EA, mais positif pour Activision et TTWO.

[Author]

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