Best Buy CEO Corie Barry said in a recent interview that she believes the gaming spike will continue despite COVID-19 restrictions loosening and people resuming in-person activities.
“Gaming is much bigger than any cycle,” said Barry in an interview on Mad Money. “It is social, it is [virtual reality], it is console, it is computing. It is for fun, but it’s also in competition. Gaming, the definition of it, has expanded massively. This is about how we communicate amongst each other, especially how my kids — I watch them, that’s how they talk to their friends. And so, I think this is about more than any one cycle. This is about continued, we believe, engagement in gaming across a multitude of platforms.”
Barry’s comments came after Mad Money host Jim Cramer asked if the gaming cycle is “running its course.” While an uptick in coronavirus cases in the US has led some institutions to re-tighten COVID-19 restrictions, many people are still opting to spend time out and about after being cooped up inside during the pandemic.
(All information was provided by CNBC)