Videogame sales rise for fifth straight month
$GameStop(GME.US$ $Advanced Micro Devices(AMD.US$ Videogame industry sales eked out a fifth straight monthly gain against tough pandemic-2020 comparisons, as the sharp rise in hardware spending more than made up for flat performance in gaming content and a decline in accessory sales.
Overall, sales were up 3% year-over-year to $4.36 billion, according to NPD Group. That marks a September record, and it brings year-to-date industry videogame spending to $42.3 billion, up 12% compared to the same time span last year.
Sales had risen 7% from the prior year in August, and gained 10% in July - again, against a series of outlier results in 2020 as the stay-at-home, play-at-home trends boosted videogames.
Hardware sales again provided a spark, even as consoles continued to be in short supply amid semiconductor shortages - rising 49% for September, to $412 million. Accessory sales, on the other hand, slipped 12% year-over-year to $171 million, while the biggest component - game content - was flat at $3.78 billion.
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Ashish Barman : Wow, what earth-shattering news. Yes, video games are a rage because an army of slacker cretins are playing in their basements instead of dragging their sorry posteriors to work when jobs are plentiful. Of course, they're all being coddled by Marxocrat Socialist Comrade Sanders, Pocahontas Warren, Squad leader AOC and her minions, so dementia-suffering President Brandon will order more handouts by looting money from all hardworking taxpayers. After all, many of these video game slobs are victims of systemic racism exclusively because of their unfortunate melanin content.
Lee Jessie Ashish Barman : Fantastic....absolutely perfect and right on !
VertigoWalls Ashish Barman : That is a very targeted economic outlook. I posit that one of the driving forces (aside from lazy, basement dwelling internet lurker meme’s from the 90’s) is the number of people working from home, having setup home working stations near their game consoles are playing more as the economic direction stabilizes towards more work from home, hybrid models. While this is not likely the single driving force, it is more likely a driver of significance pointing towards sustainability in the market.