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US consumer spending on video clip game products has fallen by $1.78 billion in Q2, according to market research firm NPD. Overall, spending in đoạn clip gaming in the US totaled $12.35 billion in the recent quarter, down 13 percent year over year. The findings follow both Microsoft và Sony reporting revenue declines in gaming as the pandemic growth slows.

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Sony warned of a weaker PlayStation business earlier this week as it saw trò chơi software sales plummet 26 percent year over year. Sony blamed the slump on a lack of big PlayStation titles this year compared to 2021 và less time spent playing games in general. Microsoft’s Xbox hardware revenue dipped 11 percent year over year in its recent quarter alongside a 6 percent drop in Xbox nội dung and services revenue and a 7 percent decline in overall gaming revenue.

Nintendo is due khổng lồ report its fiscal first-quarter earnings on Wednesday, but the company forecast earlier this year that it expects to lớn sell 21 million Switch consoles for its fiscal year that ended in March, down from 23.1 million the previous year.

While overall spending on gaming has clearly declined across the industry in Q2, subscription nội dung “was the only segment to post positive gains,” according khổng lồ NPD. That growth is despite Sony launching its revamped PlayStation Plus subscriptions at the over of the quarter.

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Hardware unit sales were led by Nintendo Switch in the second quarter, according to lớn NPD, with the PS5 generating the highest dollar sales. Despite the declines in spending amid high rates of inflation and following a big period of growth “consumer spending continues to lớn trend above pre-pandemic levels,” says Mat Piscatella, games industry analyst at NPD. “However, unpredictable & quickly changing conditions may continue khổng lồ impact the market in unexpected ways in the coming quarters.”

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