Video game hardware sales had a historically bad November in the US

AI Summary1 min read

TL;DR

US video game hardware sales hit a historic low in November, with spending dropping 27% to $695 million and unit sales at 1.6 million, the worst since 2005 and 1995 respectively, partly due to rising console costs.

Tags

video game hardwaresales declineNovember salesconsole costsUS market

Spending on video game hardware during November totalled $695 million, a drop of 27 percent compared to last year, according to market analyst company Circana, "This is the lowest video game hardware spending total for a November month since the $455M reached during the November 2005 tracking period," Circana says. In addition, 1.6 million units of hardware were sold in the US in November, which is "the lowest total for a November month since 1995 (1.4 million)."

The rising costs of consoles probably didn't help. The PlayStation 5 and Xbox Series of consoles both turned five in November, but customers looking to pick up one of the consoles …

Read the full story at The Verge.

Visit Website