Mattel and Hasbro said to be ‘terrified’ as more kids seek high-tech Christmas gifts

Back in the old days, American kids only wanted a Barbie doll or a G.I. Joe action figure for Christmas and all was right with the world. But times have changed, and today American children are looking to get more high-tech Christmas gift such as tablets, the Financial Times reports. In fact, today’s children are so interested in tablets and smartphones that major toy manufacturers Hasbro and Mattel are said to be worried sick about their futures. “The top two guys, Mattel and Hasbro, they are terrified,” Sean McGowan, managing director of equity research at Needham & Company, told the Financial Times. “They should be terrified, but the official party line is they’re not terrified.” These anxieties are compounded by the fact that Mattel’s

Full Story Via Tech News Headlines – Yahoo! News

Comments are closed.