Video Game Hardware, Content and Accessories Spending Falls by 5% in June 2024
For June 2024, video game hardware, content, and accessories spending was down by 5% compared to June 2023. Despite this, it still brought in a hefty $4.6 billion. Despite this, the first half of the fiscal year saw a small 1% increase in spending compared to 2023, which saw the overall income reach $27.3 billion.
In June, content spending dropped by 2%, bringing in a profit of $4.1 billion. Surprisingly, mobile gaming content spending grew by 12%, combined with a 4% increase in non-mobile subscription content spending, such as Xbox Game Pass. Despite the increases in these categories, a 26% drop in console content spending offset it.
Related Story Video Game Sales in the UK Dropped by 30% in First Half of the Year
Some of the top-selling games for June 2024 include Elden Ring, Call of Duty: Modern Warfare III, Hogwarts Legacy, and, most surprisingly, Kingdom Hearts: Integrum Masterpiece. The surprise comes from the huge change in rank positions. Last month, it was at 399, and now it's soared to the top and sits at number three on the ranking. However, this huge change in sales most likely comes from the fact that the games were all recently available on Steam, which fans of the franchise have been waiting for. Previously, it was only available on the Nintendo Switch via Cloud saves.
Looking at the most played games for PlayStation, many of them are free-to-play games. Roblox, Multiversus, and Fortnite are among the top three. However, games like Elden Ring and Grand Theft Auto V also made their way into the top ten games played in June 2024.
In terms of mobile gaming, Roblox remains one of the top games, with a 15% increase in revenue month over month. This increase was predominantly driven by a UA campaign, which increased downloads by 22%.
June's video game hardware spending fell by a further 37%. During the first half of the year, the Nintendo Switch suffered the most, with a decline of 48%, followed by the PlayStation 5, which declined by 28%, and the Xbox
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