Tablets Damping Toy Sales?
May Be Behind Soft Christmas
Published: 12/28/2012 03:05am
Tablets were a hot gift this holiday season, and may be diverting funds that otherwise would be spent on toys, according to the New York Post. The toy biz is set to post a 3-4% decline in 2012, the worst year-over-year change in 30 years, according to a BMO Securities analyst interviewed by the Post. This is believable given early reports that tracked fewer container-loads of toys coming into the country before the holidays (see "Toy Imports Down 13%").
Tablets are being given as gifts to kids as young as three years old and toy executives are "terrified" of the trend, according to UPI. An analyst from Needham & Company described the situation. "The top two guys, Mattel and Hasbro, they are terrified," he said. "They should be terrified, but the official party line is they’re not terrified."
|The Aftermath of Pro Tour 'Born of the Gods' and Other Events|
|Confessions of a Comic Book Guy--A Good Comic Is a Good Comic|
|Rolling for Initiative--No Virginia, There Is No 'Adventure Time' Promo Card|
|DVD Round-Up: 'Catching Fire,' '12 Years a Slave,' 'Venture Bros.,' & 'Mr. Peabody'|
|Confessions of a Comic Book Guy--Comics First|
|Travis Severance of Millennium Games and Hobbies on 'HeroClix Organized Play'|
|Andy Battaglia of Comics Etc. on 'HeroClix Organized Play'|
|Dave Salisbury of Fan Boy Three on Games Workshop's ' White Dwarf'|
|Joe Krolik of Comics America on Comic Book Variants|
|Jay Bardyla of Happy Harbor Comics on Marvel's Variants|
|'Constantine' Cast Assembled
Bissette in 'Quandary'Meanwhile, co-creator Steve Bissette described the conundrum of his situation.