Analyst Fears Video Game Industry May Hit Six-Year Low

Analyst Fears Video Game Industry May Hit Six-Year Low
Technology
Like Us On Facebook
Like Us On Facebook

NPD Group last week announced that video games sales for the month of April were down 26% and software sales plummeted from $630.4 million to $307.2 million, representing a 42% decline from April 2011. The numbers shocked industry analysts, who predicted a maximum software decline of 27%.

The only segment of the gaming industry that did not suffer was the accessories segment, which grew a mere 0.5% from $147.8 million last year to $148.6 million this year.

According Gamasutra analyst Matt Matthews, “should the contraction from 2011 continue at this pace, annual U.S. retail video game revenue in 2012 could fall below the $12.6 billion figure from 2006,” representing a six-year low since the first full year of Xbox 360 sales and the launch year for both the Nintendo Wii and Sony PlayStation 3.

BGR

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Technology

Technology Sean Levinson

Google Is Developing An Army Of Delivery Drones To Take Over The World

Google has announced a program developing an army of flying drones that will deliver packages to people’s homes. The program, known as “Project Wing,” will compete with Amazon’s drone fleet, which is already carrying out test-runs to customers of the online store. Exactly what Google’s drones will be delivering is unclear because, aside from Google […]

Technology Emily Arata

Indiana University Is Investing $1 Million In Studying Internet Memes Because It’s 2014

Actual Advice Mallard would not recommend analyzing memes too much. The National Science Foundation gave Indiana University just under $1 million devoted to the study of memes and Internet culture. The project, called Truthy, attempts to analyze how, and why, information spreads online. The University released the following statement explaining the nature of the project: […]

Also On Elite

World

Dog Gets Extremely Stoned After Eating Its Owner’s Weed (Video)

A Michigan woman has been labeled an animal abuser for posting a video of her dog after he had eaten her stash of weed. According to Action 7 News, Laura Milsee came home to find out her 3-year-old pit bull mix, Thor, had eaten $20 worth of marijuana. The dog looks so weak it can […]

Humor

Bisexual Woman Gets Hilarious Responses From Straight Guys On Tinder (Photos)

The spectrum of sexuality is fluid. Just ask Alfred Kinsey, the creator of the Kinsey scale, who claims that a person’s sexual preferences range from zero (exclusively heterosexual) to six (exclusively homosexual) and can be anything in between. Those who don’t fit “neatly” into a homosexual or heterosexual preference are humans, too — and it […]

Film

Robin Williams Will Still Be In Four Movies Released In The Near Future

Deaths of great actors like Robin Williams are always tragic. But often, these talents leave behind the gift of their performances — performances we have yet to see. That’s the case with Williams, as he left behind four completed films that have not yet been widely released. Prior to his passing, Williams had completed “Night […]