Amazon points towards slow videogame sales for decline in profit

Amazon is usually where I buy my hard copy of games. It’s got the added convenience and established name behind it, so when I bought less games than usual through the online retailer in the previous, I didn’t know it would reflect on their financial reports.

Amazon, although reporting a 14% increase in revenue for the second quarter, profits fell by 10% or $142 million in comparison to last year’s $158 million due to a legal settlement and videogame sales, reports the Wall Street Journal. “You’re seeing an industry slowdown in videogames and consoles,” said Chief Financial Officer Tom Szkutak. Regardless, the online retailer forecasts $120 million to $210 million of profit for the next quarter. The start of the summer wasn’t the best period for videogames and Amazon is the proof.