Saturday, November 10, 2012

Video game sales crash again; industry faces changes

Yet another month has passed with little good news for the video game industry.

Retail video game sales in the United States fell by 25 percent to $755.5 million in October, making it the 11th straight month of year-over-year decline.

Hardware sales fell by 37 percent, and software sales fell by 25 percent, despite the launch of big-name games like NBA 2K13, Resident Evil 6, and Medal of Honor: Warfighter. The only growth category was accessories, whose sales increased by 5 percent year-over-year.

Console gloom?

As always, declining sales bring prognostications of imminent death for game consoles. Those claims, while hyperbolic, do have some truth to them. Game consoles as we know it are changing into broader entertainment devices, with new apps for streaming video and music.

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