Apparently it takes a pandemic to boost Arcade1Up sales
Sales for a number of companies have suffered since the beginning of the coronavirus pandemic. But not for Arcade1Up.
Arcade1Up, the company that sells officially licensed arcade cabinets of popular games, exclusively told Yahoo Finance that it met two monumental sales goals.
In less than two years, the company sold its 1 millionth cabinet (which can range in price from $300 - $500)
Sales have surged 96% week-over-week since March.
“We could have never anticipated these numbers given the current state of the world. We noticed that with a new norm, there are new patterns and behaviors that are starting to show. People are obviously spending more time at home, and our Arcade1Up machines have been one of the products chosen to entertain families in these trying times,” says Scott Bachrach, founder and CEO of Tastemakers, which owns Arcade1Up. “Simply put, people realize now more than ever what you have in your home is important. We feel that because our arcade machines have authentic artwork, gameplay and controls, they hit a certain nostalgic nerve bringing people back to a simpler time. It is often said these arcade machines are in ways a time machine and connect our consumers to a part of themselves growing up when they first experienced these games.”
Arcade cabinet sales of popular properties such as Viacom’s (VIAC) Teenage Mutant Ninja Turtles and Disney’s (DIS) Star Wars helped push sales over the 1 million mark.