Software sales in the UK at retail last week were the lowest since records started being kept, generating £8.4 million. MCV reports that 394,688 games were sold last week, according to data provided by Chart-Track.

Several factors could be contributing to last week's soft retail sales, but it's a pretty safe bet that a lack of major new titles and the Olympics going on in London would be a significant factor.

The sad sales at retail do not factor in any business done through digital distribution networks, MMOs or freemium titles. And let's face it: those can be significant.