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Videogame Sales Fell 34 Percent in January

AP
Friday, 10 Feb 2012 | 1:20 PM ET

U.S. retail sales of video game hardware, software and accessories fell 34 percent in January from a year earlier to $751 million due to the lack of new game titles, according to market researcher NPD Group.

Modern Warfare 3
Activision
Modern Warfare 3

NPD analyst Liam Callahan said the dearth of new games likely resulted in fewer people going to stores and buying other recent releases on impulse.

"Shoppers were not drawn to stores due to new launch activity," he said.

Callahan said sales of titles released before the holidays were down 31 percent in January compared to a year ago.

Sales of console and portable software — the video games themselves — fell 38 percent to $356 million. » Read More

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