Retail Sales of Video Games Administer 27% fall

.

Retail Sales of Video Games Administer 27% fall

Recently released data by research firm NPD Group points out at the dramatic fall in the retail sales of video games for the month of October, which accounted for a 25% fall. This has been the 11th month that the company, Hardware, has experienced a major decline.

However, the industry faced the largest decline ever during the previous year at the same period; the drop accounted for 37%. However, NPD Group analyst Liam Callahan believes that the industry will overcome the problems. Moreover, there are indications which suggest of increasing progressive development as the company moves into the important holiday season.

Callahan said, "While we saw declines in hardware unit sales across all platforms year-over-year, when looking at average sales per week versus September, several consoles realized higher sales".

On the other hand, Xbox 360 was declared to have grabbed the top position once again following the sale of the console accounting for 277,000 units during the previous month. However, there was no mention regarding the number of units sold monthly of Sony and Nintendo.

Further, previous month NBA 2K13 was declared to be the best-selling retail game. Although, Capcom thriller Resident Evil 6 was criticized, it bagged the second position.


Latest News

Latest Funding Value Snapchat at $10 billion
American Airlines Pulls Listing and Fares from Orbitz Due to Unsuccessful Effort
Is Burger King’s Deal with Tim Hortons Going to Affect Its Popularity?
Fans Show Twitch’s $970 Million Acquisition is Worth It
Ann Taylor (ANN) Shares Increase as Activist and Investors Put Pressure for Sale
Though The Market Basket Employees are Disappointed But They are not Giving up P
CME Group Faces Technical Glitch that Halts Trading for Four Hours
Survey Shows Lesser Number of Economists Believe US Monetary Policy to be on Rig
Burger King in Discussion with Canada's Tim Hortons for a Merger
Ackman and Valeant call for special meeting of Allergan shareholders
Home Depot to Bid Farewell to Blake as   CEO But He Continues to Stay As Chairma
UPS Store Data Breach: About 100,000 or More Customers Could Have Been Affected