Slump deepens for video game sector, survey says

Mar 15, 2013
Entertainment Arts (EA) presents Dead Space 3 during the E3 2012 media briefing in Los Angeles, California, on June 4, 2012. US videogame sales extended their decline in February with a 25 percent monthly drop compared with a year ago, according to an industry tracker.

US videogame sales extended their decline in February with a 25 percent monthly drop compared with a year ago, according to an industry tracker.

NPD Group said Thursday that total sales of hardware, software and accessories were $810 million in February, down from $1.09 billion 12 months earlier.

Videogame hardware sales were down a whopping 36 percent despite the launch late last year of the new version of Nintendo's console and PS Vita from Sony. NPD said Microsoft's was the top-selling device for the 19th consecutive month.

But analyst Liam Callahan said much of that decline is being offset by games in other formats, including digital subscriptions and mobile gaming apps.

"These sales figures represent new physical retail sales of hardware, software and accessories, which account for roughly 50 percent of the total consumer spend on games," he said.

Adding in digital format sales, subscriptions, and social network games, he said total consumer spending on the sector in February would be around $1.2 billion.

The top selling game in the month was Dead Space 3, a third-person available on the Xbox, Playstation and PC.

Explore further: Record labels sue Pandora over older songs

add to favorites email to friend print save as pdf

Related Stories

US shops see videogame sales drop in May

Jun 14, 2011

US videogame industry sales at real-world shops slumped in May on a light line-up of new titles and shifts to digital content offered for download on the Internet, according to NPD Group.

NPD: US retail video game sales fell in September

Oct 14, 2011

(AP) -- U.S. retail sales of video game hardware, software and accessories dipped 4 percent to $1.13 billion in September, according to market researcher NPD Group. Sales of the games themselves grew somewhat, but this was ...

NPD: October video game sales rise 1 percent

Nov 11, 2011

(AP) -- U.S. retail sales of video game hardware, software and accessories rose 1 percent to $1.08 billion in October, helped by sales of "Battlefield 3," market researcher NPD Group said Friday.

Recommended for you

Venture investments jump to $9.5B in 1Q

8 hours ago

Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into an increasing number of deals, according to a report due out Friday.

Weibo IPO below expectations, raises $285.6 mn

Apr 17, 2014

Sina Weibo sold fewer shares than expected in its US IPO which was priced below expectations ahead of a Thursday listing that takes place after tech selloffs on Wall Street.

'Chief Yahoo' David Filo returns to board

Apr 17, 2014

Yahoo announced the nomination of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

baudrunner
not rated yet Mar 15, 2013
What..? Video games are getting old? Well, there's only so much one can do with a racing game, but the role-playing genre is wide open. If the developers can just wrap their heads around non-shoot'em-up type scenarios and invent some totally new genres then they'll be right back in business. Be creative, guys.

More news stories

Under some LED bulbs whites aren't 'whiter than white'

For years, companies have been adding whiteners to laundry detergent, paints, plastics, paper and fabrics to make whites look "whiter than white," but now, with a switch away from incandescent and fluorescent lighting, different ...

Researchers uncover likely creator of Bitcoin

The primary author of the celebrated Bitcoin paper, and therefore probable creator of Bitcoin, is most likely Nick Szabo, a blogger and former George Washington University law professor, according to students ...

The importance of plumes

The Hubble Space Telescope is famous for finding black holes. It can pick out thousands of galaxies in a patch of sky the size of a thumbprint. The most powerful space telescope ever built, the Hubble provided ...