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. .
Media Play News reports that new data from
the NPD Group shows four consecutive months
of decline for the video game industry. .
Sales have steadily been declining since December
after seeing record-setting revenue
during the pandemic from 2020 to 2021. .
Sales have steadily been declining since December
after seeing record-setting revenue
during the pandemic from 2020 to 2021. .
Record sales were driven by widespread
government mandates and many consumers
being forced to stay at home. .
Sales of consoles dropped 27% to
$295 million from $404 million. .
According to Media Play News, supply issues continue
to hold back in-store availability of new-generation
consoles affecting overall hardware sales. .
Nintendo's Switch remains the best-selling console,
followed by Microsoft's S/X consoles
and Sony's Playstation 5. .
Nintendo's Switch remains the best-selling console,
followed by Microsoft's S/X consoles
and Sony's Playstation 5. .
Nintendo's Switch remains the best-selling console,
followed by Microsoft's S/X consoles
and Sony's Playstation 5. .
Meanwhile, sales of accessories
fell 7% to $180 million. .
That figure is down from
$193.5 million in 2021. .
Game sales dropped 4% to $3.91 billion,
down from $4.07 billion last year. .
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.' .
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.' .
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.'