U.S. Video-Game Industry Slows In July, But 2008 Is Record-Breaking
By Alice Turner
01:24, August 18th 2008
57 votes
Vote this story
U.S. Video-Game Industry Slows In July, But 2008 Is Record-Breaking

Despite the fact that it slowed a bit in sales over the past month, the United States video game industry recorded a strong growth compared to last year. U.S. retail stores sold 28% more units to $1.19 billion compared to last year’s July. Console sales also recorded a 17% climb to $446.9 million, according to the latest report released by the NPD Group, a research company that provides consumer and retail data.

According to the NPD, all three video-game producers saw their sales numbers decline. However, Nintendo clinched the first place ahead of Sony’s Play Station 3 and Microsoft’s Xbox 360. Nevertheless, despite the fact that Nintendo easily won the contest, its sales declined: 555,000 Wiis compared to the 667,000 units sold in June. Sony’s sales of Play Station 3 also dropped from 406,000 in June to 225,000 PS3s. Xbox 360 sold 205,000 units compared to 220,000 in June.

However, on a year-to-year basis, the industry grew to $18.9 billion from $14 billion last year. Video games sales are up 35 per cent to $9.5 billion, while console sales also climbed 22 per cent to $3.3 billion, the NPD reported. The report highlights the fact that the industry may very well record returns of nearly $22 billion for the year.

Nintendo seems to dominate the market as it has a market share of 56 per cent. The manufacturer sold 11.56 million Wii in all. Microsoft’s Xbox 360 has sold 10.67 million units in the U.S. so far, while Sony vended 5.08 million PS3s.

June was the best month for the gaming industry as sales of video games and consoles climbed 53 per cent and 54 per cent, respectively. Software sale were up 61 per cent, while accessories sale also rose 25 per cent.

The best-selling game of July was the "NCAA Football '09" for the Xbox 360 from Electronic Arts that sold 397,600 units. "Wii Fit W/Balance Board" from Nintendo with 369,600 units ranked second, while the third place was clinched by "Guitar Hero: On Tour" from Activision, 309,700 units. “Wii Play W/Remote” from Nintendo with 284,000 units and "NCAA Football '09" for the PS3 with 242,500 units completed the Top 5.



© 2007 - 2008 - eFluxMedia
dotclear

Other News in

Britain to cut VAT in Christmas stimulus spree

London - The government of Prime Minister Gordon Brown is to give nervous British consumers an early Christmas present on Monday, when he is expected to cut Value Added Tax (VAT) in an effort to lift...

Google's SearchWiki Gets More Personal

Google's SearchWiki Gets More Personal

Google released on Thursday a new feature for its SearchWiki service, which enables users to get more involved in the system’s search results. The new customization process lets users change the...

Half of Hong Kong businessmen expect recession to last two years

Hong Kong - Half of Hong Kong businesses expect the city's recession to drag on for at least two years, according to a survey Saturday. Ninety per cent of businessmen and businesswomen said they...

1,500 laid off at Nikon factory in Thailand as exports slow

Bangkok - Nikon Corp's unit in Thailand laid off 1,500 of its subcontracting staff amid signs that Thailand's exports are slowing, media reports said Saturday. The Japanese camera-manufacturing...

GM scales back production, cuts corporate jets

New York - Suffering US automaker General Motors Corp will again cut its production, the firm said Friday. It will add a week to holiday production halts at four plants and another factory in...

dotclear
Latest videos in Business
A surprise offer for troubled...
Dark days in Scandinavia
Cars sold 2 for 1 as sales...
Weak economy sets new records
Walking house takes a stroll

dotclear
Business You are here: Business
» World   » Business   » U.S.   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in Business
Congress to automakers: "Show us a plan"

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear
Today's Latest News
Research: Exercise May Diminish Cancer RiskResearch: Exercise May Diminish Cancer Risk

» read full story
dotclear