video game hardware spending was flat compared to a year ago, at $393 million. Drops in mobile content, physical console content and gamepad spending drove the January shortfall." video game market experienced a year-on-year decline since September 2022, when consumer spending reached 4% below September 2021 levels. "January 2023 marks the first time the U.S. "Video game hardware spending was flat, while content (-5%) and accessories (-14%) spending fell." consumer spending on video game content, hardware and accessories totaled $4.3 billion, a decline of 5% when compared to a year ago," said The NPD Group Executive Director and Video Game Industry Advisor Mat Piscatella. Spending on video game content decreased five percent from $4.01 billion to $3.79 billion, while video game hardware sales were flat at $394 million. Overall spending on video games in January was down five percent year-on-year from $4.59 billion to $4.35 billion. The Nintendo Switch was the second best-selling console in January in terms of units sold and dollar sales, while the Xbox Series X|S came in third place. The PlayStation 5 had its best January to date in terms of units and dollar sales. NPD includes the dates for the four week period of January 1 to January 28. The PlayStation 5 was the best-selling console in the US in January 2023 in terms of units sold, according to figures from The NPD Group. By William D'Angelo, posted on 13 February 2023 / 10,047 Views
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