U.S. Video-Game Industry Slows In July, But 2008 Is Record-Breaking

By Alice Turner
01:24, August 18th 2008
60 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

Saab director: General Motors to sell off Swedish unit

Stockholm/Detroit - Ailing US carmaker General Motors (GM) could be planning to sell off its Swedish subsidiary Saab, Saab's deputy director Frederick Henderson told Stockholm's SR radio station...

Yahoo shares rise on reports of new buyout plan

Yahoo shares rise on reports of new buyout plan

San Francisco  - Shares in troubled web portal Yahoo rose as much as 16 per cent Tuesday after a report that former AOL chief executive Jonathan Miller was trying to raise funds to buy out all or...

FCC to Draw Up a Plan for Auctioning Public Airwaves

FCC to Draw Up a Plan for Auctioning Public Airwaves

This December, the United States Federal Communications Commission (FCC) is expected to draw up a plan for auctioning public airwaves, which is set to stipulate that the winning bidder save some...

Pownce Start-Up to Be Closed Down

Pownce Start-Up to Be Closed Down

Pownce, the free social networking and micro-blogging site that has been deemed as a competitor to Twitter, will be closing down on December 15, after it was acquired by blogging company Six Apart...

Facebook Goes More Social Than Ever

Facebook Goes More Social Than Ever

Facebook is currently the Internet’s largest social networks, although it was opened just 4 years ago, in February 2004. On Facebook, a free-access social networking website privately owned by...

dotclear
Latest videos in Business
Asia shrs edge up, Qantas...
GM Seeks $18B in Federal Aid
Paulson calls for China...
Oil falls below $47
US automakers offer...

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
Spam Rates Are Back UpSpam Rates Are Back Up

» 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
Saab director: General Motors to sell off Swedish unit

» read full story
dotclear