First Adopter

Games: $1.1 billion (-6%)
Hardware: $401.7 million (+5%%)
Software: $531.3 million (-15%%)
Accessories: $169.6 million (+6%)
HARDWARE SALES
DS: 510,700
Xbox 360: 451,700
Wii: 422,500
PlayStation 3: 304,800
PSP: 121,000
TOP 10 GAMES (by SKU)
Title / Platform / Publisher / Release Date / Units sold
1. Red Dead Redemption / 360 / Take-Two Interactive/ May-10 / 582,900
2. Super Mario Galaxy 2 / Wii / Nintendo / [...]

Games: $823.5 million (-5%)
Hardware: $241.5 million (-20%)
Software: $466.3 million (+4%)
Accessories: $115.7 million (+3%)
HARDWARE SALES
DS: 383,700
Wii: 334,800
Xbox 360: 194,600
PlayStation 3: 154,500
PSP: 59,400
TOP 10 GAMES (by SKU)
Title / Platform / Publisher / Release Date / Units sold
1. Red Dead Redemption / X360 / Take-Two / May-10 / 945,900
2. Red Dead Redemption / PS3 / Take-Two / May-10 [...]

OVERALL DOLLAR SALES
Total: $766.2 million (-26%)
Hardware: $249.3 million (-37%)
Software: $398.5 million (-22%)
Accessories: $118.4 million (-9%)
HARDWARE SALES
DS: 440,800
Wii: 277,200
Xbox 360: 185,400
PlayStation 3: 180,800
PSP: 65,500
TOP 10 GAMES (by SKU)
Title / Platform / Publisher / Release Date / Units sold (only provided for top five)
1. Splinter Cell: Conviction / 360 / Ubisoft / Apr-10 / 486,100
2. Pokemon SoulSilver [...]

Games: $1.52 billion (+6%)
Hardware: $440.5 million (-4%)
Software: $875.3 million (+10%)
Accessories: $206.8 million (+11%)
HARDWARE SALES
DS: 700,800
Wii: 557,500
Xbox 360: 338,400
PlayStation 3: 313,900
PSP: 119,900
PlayStation 2: 118,300
TOP 10 GAMES (by SKU)
Title / Platform / Publisher / Release Date / Units sold
1. God of War III / PS3 / SCEA / Mar-10 / 1.1 million
2. Pokemon SoulSilver / DS / [...]

I walked into my local Apple store around 3:30PM today. There was a line of 3-4 people waiting for the iPad demo station outside. It took about a 5 minute wait to get my hands on a store demo iPad. The store employees told me they were sold out of the 64GB model, but had [...]

Games $1.48 billion (-15%)
Hardware $534.2 million (-20%)
Software $736.7 million (-15%)
Accessories $206.1 million (-1%)
DS 613,200
Xbox 360 422,000
Wii 397,900
PlayStation 3 360,100
PSP 133,400
PlayStation 2 101,900
Title / Platform / Publisher / Release Date / Units sold
1. BioShock 2 / 360 / Take-Two / Feb-10 / 562,900
2. New Super Mario Bros. Wii / Wii / Nintendo / Nov-09 / 555,600
3. [...]

-1990: 26 years old, paid $440,000 (all his money) to buy 25% of Mediagenic (Activision) bankrupt company. The company had rights to Joe Montana football, Myst, Infocom text games, Pitfall, River Raid, Kaboom, Mechwarrior
-first 2600 game was Kaboom, Pitball, River Raid, Activision hockey, Zork, Hitchhiker Guide’s to the Galaxy
-Bobby started a company in 1983 making [...]

2/15/10 Session Notes
-introduced by Larry Williams, friend of Demark and a commodity trader for 40 years
-clients of Demark include Soros, Steve Cohen (special advisor), Fitch Bros., Cooperman, Tudor (executive VP), Steinhardt, John Burbank (Passport Capital)
-website: www.demark.com
-he likes to buy into weakness and sell into strength, opposite of the trend followers in 1970s
-61.8% and 38.2% are [...]

US VIDEO GAMES INDUSTRY - JANUARY 2010
Hardware: $353.7 million (-21%)
Software: $597.9 million (-12%)
Accessories: $217 million (2%)
Total Games: $1.17 billion (-13%)
TOP-SELLING HARDWARE - JANUARY 2010
Wii: 465,800
Nintendo DS: 422,200
Xbox 360: 332,800
PlayStation 3: 276,900
PSP: 100,100
PlayStation 2: 41,600
TOP-SELLING SOFTWARE SKUs - JANUARY 2010
Title / Platform / Publisher / Units**
1 New Super Mario Bros. Wii / Wii / Nintendo / [...]

-view themselves as company builders than financiers
-3 generations of partners
-Al Gore is “a nerd, a techie”, gives great investment insight, not a door-opener for them
-475 investments in 33 years, $100B annual revenue, 400K jobs, 173 IPOs, 166 M&As, $500B+ market cap
-mercenary vs. missionary culture, both work, but he prefers the latter
-3 sectors: digital/IT, life sciences, [...]