Video Game Industry, Revenue Continues to Drop, From Pandemic Highs.
In February, sales of video games, consoles and accessories dropped 6% to $4.38 billion.
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Media Play News reports that new data from the NPD Group shows four consecutive months of decline for the video game industry.
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Sales have steadily been declining since December after seeing record-setting revenue during the pandemic from 2020 to 2021.
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Sales have steadily been declining since December after seeing record-setting revenue during the pandemic from 2020 to 2021.
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Record sales were driven by widespread government mandates and many consumers being forced to stay at home.
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Sales of consoles dropped 27% to $295 million from $404 million.
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According to Media Play News, supply issues continue to hold back in-store availability of new-generation consoles affecting overall hardware sales.
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Nintendo's Switch remains the best-selling console, followed by Microsoft's S/X consoles and Sony's Playstation 5.
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Nintendo's Switch remains the best-selling console, followed by Microsoft's S/X consoles and Sony's Playstation 5.
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Nintendo's Switch remains the best-selling console, followed by Microsoft's S/X consoles and Sony's Playstation 5.
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Meanwhile, sales of accessories fell 7% to $180 million.
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That figure is down from $193.5 million in 2021.
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Game sales dropped 4% to $3.91 billion, down from $4.07 billion last year.
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Bandai Namco Entertainment's 'Elden Ring' was February's top-selling game, followed by Sony's 'Horizon II: Forbidden West' and Nintendo's 'Pokemon Legends: Arceus.'
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Bandai Namco Entertainment's 'Elden Ring' was February's top-selling game, followed by Sony's 'Horizon II: Forbidden West' and Nintendo's 'Pokemon Legends: Arceus.'
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Bandai Namco Entertainment's 'Elden Ring' was February's top-selling game, followed by Sony's 'Horizon II: Forbidden West' and Nintendo's 'Pokemon Legends: Arceus.'
