Gamers Are Spending More on Consoles, But Less on Games
The scalping situation that surfaced when the PS5 and Xbox Series X launched in November 2020 has caused a dearth of hardware for legitimate consumers. Despite this, both Microsoft, Sony, and Nintendo have reported extremely high sales numbers for their latest consoles. In little over a year, 17.3 million PS5 consoles have been sold, passing sales numbers accumulated by the Nintendo Wii U during its entire five-year existence.
The console shortage is expected to continue through 2022 and, judging by social media, many people have stopped actively trying to buy the new hardware. One potential positive is that the Xbox Series X and PS5 shortage may result in a longer generation than usual. Some gamers love to upgrade their gear frequently, while others remain content with their PS4 and Xbox One consoles. And because many people won’t be able to get their hands on current-gen hardware for quite a while yet, gamers might not be interested if another console generation launches too soon.
Rumor: Apple Could be Preparing Its Own Video Game Console
The NPD Group, which analyzes consumer trends in a range of industries, recently released some data on consumer spending in the video game space, from January 2021 to January 2022, and the numbers might be surprising to some. Despite, the ongoing shortage of current gen consoles like the Xbox Series X, sales of gaming hardware have still grown by 22% in the past year. In the same time period, sales of video game accessories has declined by 15%, and software sales have decreased by 4%. This last number includes physical and digital full game purchases, as well as DLC and subscription services across all platforms — console, cloud, mobile, portable, PC, and VR.
Upon first glance, those
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