The video game industry is turning to digital sales and Activision’s reliance on traditional brick-and-mortar retail sales could jeopardize the company’s future, Activision(ATVI)
said Thursday. The weakening euro and pound
are also hurting Activision’s bottom line, and the company said those headwinds would continue.
“The environment remains competitive,” said Dennis Durkin, CFO and president of Activison, during a call Thursday with Wall Street analysts. “We see a wider range of outcomes for the second half” of 2019, he added.