Piper Jaffray analyst Michael Olson says June NPD video game software sales were down 5% year-over-year due to a tough compare with Activision Blizzard's (ATVI) Overwatch the prior year. Top titles for June included Nintendo's (NTDOY) ARMS and Tekken 7 from Bandai Namco, Olson tells investors in a research note. He notes that for the June quarter, Activision results are down 42% and Take-Two (TTWO) NPD results are down 12% relative to his expectations for down 33% and down 3%, respectively. He remains comfortable with his estimates, however, and keeps Overweight ratings on Activision, Electronic Arts (EA) and Take-Two.

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