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November 12, 2005

U.S. video game sales fall 24 pct in October


U.S. retail sales of video games in October fell to $365 million, down 24 percent from a year earlier, when publishers released a slew of blockbuster titles, analysts said on Friday.

Citing figures from market researchers NPD Group, analysts said October console game sales were around $294 million, while sales of handheld games were about $71 million.

Analysts are closely monitoring sales as the industry heads into the holiday season, which accounts for roughly half of its revenue.

It must be hard to predict when half the volume is in one chunk at the end of the year. Actually the numbers say that 2005 is slightly ahead of 2004 at this point, but the analysts are mixed on the end of the year, particularly with new consoles on the way.

Posted at 7:18 pm. Filed under Portable Gaming, Video Games

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