The video game industry hit a four-year low in May, reports The Hollywood Reporter.
Video game sales apparently hit its lowest monthly U.S. profit since October 2006, totalling $743.1 million. That number may seem high, but it’s nothing compared to the $866.8 million of last year.
“A light slate of new releases is at the heart of this month’s performance,” said NPD analyst Anita Frazier. “As a result of a lighter release slate, promotional activity at retail and in circulars was reduced as well, which undoubtedly affected not only planned but impulse purchases.”
Frazier says it is unfair to base all results on figures, though, as an increasing amount of video game sales derive from online or downloadable exclusive content purchases.
This year’s top selling game was ‘L.A. Noire,’ a murder-mystery action game set in old L.A.
I agree with the analyst. Much of today’s market comes from the online world, so we have to factor in the sales from that. I don’t think video games are going anywhere anytime soon.