Friday, October 12, 2012
Video-game industry sales drop for 10th straight month
Bad news for the Research Triangle's video-game sector - one of the largest gaming hubs in the country: People continue to buy fewer games and related hardware as well as accessories. U.S. retail sales of video game software, hardware and accessories declined 24 percent to $848.3 million in September from a year earlier, researcher NPD Group Inc. reported Thursday.
The falloff marked the 10th-consecutive month of declining sales as the gaming world holds off buying ahead of the release of Nintendo's Wii U console next month. NPD Group reported sales of $1.11 billion a year earlier.
Adventure Medical Kits SOL Original Survival Tool - Orange (Google Affiliate Ad)
Sales of video games themselves, excluding PC titles, fell 18 percent to $497.4 million. The September decline was less severe, however, than the 28 percent drop forecast by Cowen & Co. analyst Doug Creutz. The decline was led by shrinking sales of game consoles, which fell 39 percent to $210.9 million, NPD said. Read more >>