Video game revenues dropped more than expected in June, reports market research firm NPD.
According to Venture Beat, sales of game hardware and software dropped 31% over June, 2008. VB's Dean Takahashi writes:
In some ways, it isn’t a surprise. Last year, a lot of big titles came out in the first half of the year. This year, most big titles are coming out in the second half of the year... But it’s also clear the recession is taking a toll.
“This is one of the first months where I think the impact of the economy is clearly reflected in the sales numbers,” Frazier said. “This level of decline is certainly going to cause some pain and reflection in the industry.” ...
It’s time to wonder if gamers are migrating to free games on the web, Facebook, iPhone or other platforms. While console game sales have been falling, the number of online game players is up 22 percent this year, according to market researcher comScore.