Consumers are spending less on games this year.
US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD. Overall, spending in video gaming in the US totaled $12.35 billion in the recent quarter, down 13 percent year over year. The findings follow both Microsoft and Sony reporting revenue declines in gaming as the pandemic growth slows.earlier this week as it saw game software sales plummet 26 percent year over year.
11 percent year over year in its recent quarter alongside a 6 percent drop in Xbox content and services revenue and a 7 percent decline in overall gaming revenue.Nintendo is due to report its fiscal first-quarter earnings on Wednesday, but the companythat it expects to sell 21 million Switch consoles for its fiscal year that ended in March, down from 23.1 million the previous year.
While overall spending on gaming has clearly declined across the industry in Q2, subscription content “was the only segment to post positive gains,” according to NPD. That growth is despite Sony launching itsHardware unit sales were led by Nintendo Switch in the second quarter, according to NPD, with the PS5 generating the highest dollar sales.
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