EricLHY
2021-09-15
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Video Game Spending Hit Record for August, Boosted by Consoles
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So far this year, spending has increased 13% to $37.9 billion compared with the same period a year earlier.</p>\n<p>The video game industry was among the big beneficiaries of last year’s surge in stay-at-home entertainment triggered by the pandemic, and analysts have been looking to see when interest may begin to wane. But the release last winter of two new consoles, Microsoft Corp.’s Xbox Series X and Sony Group Corp.’s PlayStation 5 have helped keep players hooked, even though the consoles are hard to get due to supply constraints.</p>\n<p>Hardware sales jumped 45% to $329 million in the month. It was the best August tally since 2008, according to NPD, and the third-highest month ever. Sales could have been even higher if not for the chip shortages weighing on console production, said Mat Piscatella, an analyst at NPD.</p>\n<p>Consumers purchased more of Nintendo Co.’s Switch than any other hardware platform in August. 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