Overall sales fell 20 percent to $548.4 million, according to research firm NPD Group.
Sales of consoles and portable software β the video games themselves β fell 23 percent from a year earlier to $278 million.
Sales of hardware fell 32 percent to $151 million. Accessories sales rose 8 percent to $137 million.
Prez wrote on Aug 10, 2012, 06:13:
Are all of the writers who wrote "Is PC Gaming Dead" articles every other day going to start writing "Is Gaming Dead" articles now?
Parallax Abstraction wrote on Aug 10, 2012, 00:29:They always compare to the same month from last year, not the month before in the same year.
... July is normally one of the slowest months of the year and almost nothing came out.
Parallax Abstraction wrote on Aug 10, 2012, 00:29:Admittedly, the news was basically the same for Q4 2011. Even during the big months, year-over-year retail sales have been falling.
Let's not forget that in addition to everything Ray's mentioned (amazes me how the enthusiast press seems to completely forget there's still a massive recession on, particularly so in Europe), July is normally one of the slowest months of the year and almost nothing came out. I remember when this used to be the Summer doldrums but now it's all DOOOOOOM from the enthusiast press. Ridiculous.
Cutter wrote on Aug 9, 2012, 21:55:LittleMe wrote on Aug 9, 2012, 21:32:
A large part of this is because bailouts & stimulus don't work. Central planning cronyism is fail. Governments don't 'run' economies, they ruin them.
No. Governments that don't prevent things like unfettered capitalism and monopolistic practices are what ruin economies. Like most things in this world extremes are bad at either end of the spectrum. Properly managed there wouldn't be any need for bailouts or stimulus in the first place.
LittleMe wrote on Aug 9, 2012, 21:32:
A large part of this is because bailouts & stimulus don't work. Central planning cronyism is fail. Governments don't 'run' economies, they ruin them.