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U.S. retail video game industry sales fell 28% Y/Y in May to $516.5M, per NPD. That's just a...

U.S. retail video game industry sales fell 28% Y/Y in May to $516.5M, per NPD. That's just a little better than April's 32% drop. Software sales fell a "mere" 16% thanks to the strong reception for Activision's (ATVI) Diablo III (previous), but hardware sales fell 39% as the big-3 consoles continue to show their age. NPD notes there have been 27% fewer game releases YTD than there were at the same point last year, and thinks sales could pick up in 2H as new titles arrive.
Comments (4)
  • sethmcs
    , contributor
    Comments (3326) | Send Message
     
    Are kids losing interest in games? Or is the industry failing to make interesting games?
    14 Jun 2012, 11:57 PM Reply Like
  • juncom
    , contributor
    Comment (1) | Send Message
     
    They need to make better games
    15 Jun 2012, 01:36 AM Reply Like
  • isabelwhatx
    , contributor
    Comments (5) | Send Message
     
    A lot of the gaming market is shifting to mobile phones. They offer dollar games on a platform that you already own, whereas traditional games have a much higher price tag (closer to 40 dollars) and you have to buy a separate console (closer to 250 dollars).

     

    By no means does that mean the traditional gaming industry is failing. Not at all. The last generation of games released (ie PS3, XBox 360 and Wii) did phenomenally. Absolutely phenomenally. Wii just hit the 100 million sold mark, I believe. It was Nintendo's most successful console to date. And although it might seem as though those consoles were released just yesterday, it has already been seven years. If anyone had any inkling to buy a PS3 or an XBox or a Wii, they would have done so already.

     

    But Nintendo is coming out with a new product, the Wii U, that I expect will blow people away. Although it hasn't been received well by fans, neither was the original Wii. It is receiving more or less the same reaction that their most successful release ever received, so I am confidently not worried. Both Sony and Microsoft are working on their new console release, but that has been incredibly hushed and will probably hit the markets Christmas 2013.

     

    The gaming industry is interesting. It swings from high highs to low lows. I think we are going to reach a high point very soon. I will probably invest my money in Nintendo. I believe the Wii U and some new releases for the 3DS, plus the price drop in the 3DS, will not only strongly increase sales, but also restore the consumer's trust in Nintendo. I think their stock price will reflect that within the next year or so.
    15 Jun 2012, 09:28 AM Reply Like
  • sr1977
    , contributor
    Comments (336) | Send Message
     
    Everything is online now - games, music, books & movies.
    15 Jun 2012, 05:18 AM Reply Like
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