Can Nintendo Play Hard Through a Recession?

The game maker expects strong holiday sales, as more consumers opt for home entertainment
Satoru Iwata, president of Japan's Nintendo, delivers a speech at a press conference in Tokyo on October 31, 2008.The videogame company said on Oct. 30 that its third-quarter operating profit had risen by 35%, but lowered its annual profit forecast. TORU YAMANAKA/AFP/Getty Images

Video games are recession-proof. That has been the conventional wisdom among gaming industry executives for years. But faced with the worst financial crisis in decades and the prospect of a global slowdown, will consumers see games as a frivolous expense?

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