U.S. Videogame Sales Fall in August Driven By Hardware Decline -- Market Talk

Dow Jones

2024/10/11

1122 ET - The U.S. videogame industry fall 7% in August compared with the same period a year ago, driven by a 36% decline in consumer spending on hardware, according to projections form Circana. The hardware dropoff may reflect Microsoft and Sony Group's plans to release new variations of their current generation consoles for the holiday season. However, Nintendo said in May it won't be announcing a successor to its seven-year-old Switch console until the end of March 2025. (sarah.needleman@wsj.com)

(END) Dow Jones Newswires

October 11, 2024 11:23 ET (15:23 GMT)

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The hardware dropoff may reflect Microsoft and Sony Group's plans to release new variations of their current generation consoles for the holiday season. However, Nintendo said in May it won't be announcing a successor to its seven-year-old Switch console until the end of March 2025. 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However, Nintendo said in May it won't be announcing a successor to its seven-year-old Switch console until the end of March 2025. (sarah.needleman@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  October 11, 2024 11:23 ET (15:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}