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Revenue for Gaming Industry Drops 23% in May
Game sales fell 17 percent in May, while console sales dropped 30 percent.
The return of E3 certainly created a lot of buzz for the gaming industry. Microsoft's Project Natal and streaming of 1080p movies with 5.1 surround sound dominated headlines.
But lost amid all the hoopla is that the gaming industry is actually losing a lot of money, according to the NPD Group.
The gaming industry generated $863.3 million in sales of games and consoles in May 2009, down 23 percent from May 2008. This marks the first time since August 2007 that monthly sales failed to reach $1 billion and the third consecutive month of year-over-year declines.
Games sales fell 17 percent to $448.9 million from May 2008, while console sales dropped 30 percent to $302.5 million from $433 million.
"The video games industry continues to struggle with difficult comparisons to last year," says NPD analyst Anita Frazier.
Here's the breakdown by console:
But lost amid all the hoopla is that the gaming industry is actually losing a lot of money, according to the NPD Group.
The gaming industry generated $863.3 million in sales of games and consoles in May 2009, down 23 percent from May 2008. This marks the first time since August 2007 that monthly sales failed to reach $1 billion and the third consecutive month of year-over-year declines.
Games sales fell 17 percent to $448.9 million from May 2008, while console sales dropped 30 percent to $302.5 million from $433 million.
"The video games industry continues to struggle with difficult comparisons to last year," says NPD analyst Anita Frazier.
Here's the breakdown by console:
- Nintendo DS was the top seller in May with more than 244,000 units
- Nintendo Wii declined 55 percent to 289,500 units
- Microsoft sold 175,000 Xbox 360s for a 5 percent drop
- Sony sold 131,000 Sony PlayStation 3s for a 37 percent drop
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About the Author
Steve Crowe, Web Editor
Steve is an editor for cepro.com. He graduated from Emerson College with a B.A. in Journalism. He joined the CE Pro staff in 2008. Steve is also a freelance sports writer for The Boston Globe and other various publications.
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