Sunday, April 19, 2009

The Game is On...


It looks like playing around is still popular in the current economy. GameStop Corp., the world's largest video game and entertainment software retailer, on Friday reaffirmed its first-quarter and full-year 2009 profit guidance, citing strong sales of new video games and a successful launch of a new game system.

This place is where you can get your Wii, XBox360, Playstation3 and Nintendo from. And, of course, you can get all your game software needs met there, as well. The company operates more than 6,100 stores located throughout the United States and 17 countries, as well as GameStop.com and EBgames.com

The company claims that video games are recession-resistant but not unaffected by the downturn. The video game industry is growing, but it's being slowed by the recession.

However, it appears that overall, the game industry is down. 

It Looks Like Exxon and Walmart Are Going to Weather the Economic Storm Okay...


Well, the results of the 2009 Fortune 500 list are in, and the new number 1 is Exxon, having unseated the former champion, Walmart. 

In 2008, Exxon took in $442.85 billion in revenue last year, up almost 19 percent from 2007. The company's annual profit was $45.2 billion.

Walmart took in $405.6 billion and posted a profit of $13.4 billion, which was a 5% increase in profit from 2007.