Video game sales drop 5 percent in May
NEW YORK — Video game retail sales slipped once again in May, hurt by lower prices of gaming consoles.
Total sales of gaming systems, software and accessories dropped to $823.5 million in May, down 5 percent from a year earlier, according to figures released Thursday by market researcher NPD Group.
Hardware sales plunged 20 percent to $241.5 million in May. The lower pricing of gaming consoles was a big reason for the decline as Sony Corp., Microsoft Corp. and Nintendo Co. have all cut the prices of their gaming systems in the past year.
In terms of units, hardware sales were flat compared with last year.