Video Game Sales Are Still Hitting Record Highs
Video game sales aren’t slowing down.
In fact, a new report from the NPD Group says that video game sales are up 30% in the first quarter of the year rising to $14.92 billion. “Video game content (which includes new games, expansions, and DLC) went up by 25% to a total of 12.8 billion, while video game accessories (including microtransactions) went up 42%,” reports The Gamer.
“Consumer spending on video game products continued to thrive in the first quarter, delivering record results,” noted NPD analyst Mat Piscatella, as also quoted by The Gamer. “While we are still seeing elevated rates of both engagement and spending resulting from changes in consumer behavior driven by the pandemic, we are also seeing cyclical gains from the November launches of both the PlayStation 5 and Xbox Series consoles. The growth driven by these new platforms, combined with gains experienced in mobile, PC and VR content spending, as well as the continued strength of Nintendo Switch, have pushed the market to new highs.”