Subscribe for updates!

Search this blog..

Top Stories of the week

Video game sales up 37 percent to $1.12B in May

Posted in : Others, Gaming

(added few years ago!)

U.S. retail sales of video games, consoles and game accessories hit $1.12 billion in May, a 37 percent rise over the same month last year, driven by the chart-topping Grand Theft Auto video game, market researcher NPD Group reported Thursday.

Nintendo Co.'s Wii console is still the top-selling hardware unit, with 675,100 units sold in May. Nintendo's DS handheld player took second with 452,600 units sold. Those units have captured the top two spot's for four consecutive months.

Sony Corp.'s PlayStation 3 and Microsoft Corp.'s Xbox 360 trailed with 208,700 and 186,600 units sold, respectively.

Hardware sales rose 34 percent to $428.6 million, while software sales rose 41 percent to $536.9 million, compared to the same month last year, NPD reported.

Take-Two Interactive Corp's Grand Theft Auto continues to be the No. 1 selling video game, and its version IV, released in April, sold 871,300 units in May.

NPD analyst Anita Frazier said the success of Grand Theft Auto IV is not translating into big hardware sales for either the PlayStation3 or the Xbox 360 games consoles, "but there may yet be a lift in June due to gift-giving for Father's Day and graduations."

Sales year-to-date come to $6.6 billion and the industry is on pace to bring in revenue between $21 billion and $23 billion for 2008, Frazier said.

Related Posts

» Local automobile sales up 15% in 9MFY12

» Chinese Automobile Sales Projected to Miss Growth Target

» Swiss Bond Sales Boom as Banks Diversify Funding: India Credit

» FBR mulls hiking tax rate on banks to 40 percent

» Hotel-motel bed tax collections off 25 percent

» Russian Bank Executives Urge Rate Cuts of 5 Percentage Points

» Bank of England holds key rate at 0.5 percent

» Global Airline Passenger Traffic Slumped 10 Percent in February

(added few years ago!) / 130 views