Curmudgeon Gamer: Videogames are toys

10 July 2007

Videogames are toys

While doing some research for a project I came across this quote (my emphasis):

"I think the mistake Wall Street made," [David J. Londoner, an analyst with Wertheim & Company] said, "is that they viewed this as a proprietary electronics business. It's the toy business. And the toy business does not get 24 to 25 percent pretax margins."

That's an analyst quoted in the New York Times in a 10 December 1982 article by Andrew Pollack on the diminishing profits of videogame companies. It made me chuckle.

Labels: history