It’s not really much of a surprise. Every gamer knows that summer is when gaming usually falls off for a bit, but a 15% drop in retail sales in one month is still huge when hundreds of millions are involved. Total spending on video games in the U.S. last month was $1.2 billion, only about 50% of which was made up of physical sales.
Where’d gamers take their business? Mobile games have seen sharp increases in revenue over the last few months, causing many gaming journalists to wonder if mobile gaming is slowly taking over the market. Although the main reason they’re so speculative is because the real answer is much less interesting.
It’s a new console year people! Of course gamers are going to cut back on their spending so they can afford the newest consoles and games at the end of the year. The economy hasn’t gotten much better recently. Most of us have to save a bit to afford to drop $400 or $500 on a new console. The best time to do that is during the summer, when new big title games aren’t coming out every other week.
Are you going to buy the Playstation 4 or Xbox One?
Source – Bloomberg