Switch

Ghost

2024

The report from market analysts Circana disclosed declines in total video games sales (-6%), video gaming hardware purchases (-40%), and video game content purchases (-3%). However, the data showed a year-to-date 2024 overall spending increase of 2% compared to the same period in 2023.&nbsp; 
Also Read: <a href="https://www.cryptopolitan.com/ghost-of-tsushima-psn-account/" rel="noopener noreferrer nofollow">Ghost of Tsushima Will Require a PSN account for Multiplayer Mode on Steam</a>&nbsp;&nbsp;
According to Piscatella, the decline in total video game hardware spending could be attributed to Nintendo’s strong launch of The Legend of Zelda: Tears of the Kingdom in May 2023. However, Ghost of Tsushima ranked first on Circana’s top 20 best-selling premium games in May 2024.&nbsp;
<h2 id="span-style-font-weight-400-circana-reveals-video-gaming-market-trends-2023-to-2024-span">Circana reveals video gaming market trends 2023 to 2024</h2>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 May video game hardware spending declined 40% when compared to a year ago, to $202M, and is now 30% lower YTD. Through May, all current generation hardware platforms are showing double-digit percentage declines year-on-year in 2024, with Switch showing the most significant drop.
 — Mat Piscatella (@MatPiscatella) <a href="https://twitter.com/MatPiscatella/status/1810379249922331004?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">July 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Sharing Circana’s report on X, Piscatella highlighted year-on-year (YoY) and year-to-date (YTD) changes in the U.S. video game industry. In particular, the data showed that the overall video game sales dropped by $258M (6%) in the past year. However, the year-to-date video game sales in 2024 revealed a 2% increase compared to the same period in 2023.&nbsp;
According to Circana’s data, consumer spending on video game content, hardware, and accessories declined by 3%, 40%, and 8%, respectively. The year-to-date changes in 2023 and 2024 revealed gains in video game content by 6% and accessories by 8%, while video game hardware fell by 30%.&nbsp;&nbsp;&nbsp;&nbsp;
<blockquote>
 “Through May, all current generation hardware platforms are showing double-digit percentage declines year-on-year in 2024, with Switch showing the most significant drop.”&nbsp;
 –<a href="https://x.com/MatPiscatella/status/1810379249922331004" rel="noopener noreferrer nofollow" target="_blank">Piscatella</a>&nbsp;&nbsp;
</blockquote>
Using data from Sensor Tower and Circana, Piscatella pointed out that the 13% growth in mobile content spending was unable to offset the 40% drop in console content spending. He, however, claimed that a 10% growth in headset spending was offset by the 12% drop in gamepad spending.
<h2 id="span-style-font-weight-400-video-game-rankings-keep-changing-span">Video game rankings keep changing</h2>
According to Circana’s data, Helldivers II was the best-selling premium game during the year-to-date ending May 2024. However, the data shows that Ghost of Tsushima was the best in terms of tracked dollar sales. Piscatella’s statement on X suggested that Ghost of Tsushima was boosted by the title’s release on Steam.&nbsp;&nbsp;
Also Read: <a href="https://www.cryptopolitan.com/aska-launches-steam-early-access/" rel="noopener noreferrer nofollow">Aska, the Viking-themed survival game, launches on Steam early access</a>&nbsp;
Piscatella revealed that while Helldivers II had been placed first on Steam, Fortnite topped both the Xbox Series and PS 5 platforms in monthly active users. xDefiant was also ranked 5th on PS5 and 6th on Xbox Series in video gaming monthly users.
<blockquote>
 “Other new releases appearing among the top 20 best-sellers of May included Homeworld 3 (14th) and F1 24 (18th).”
 –<a href="https://x.com/MatPiscatella/status/1810378891107930197" rel="noopener noreferrer nofollow" target="_blank">Piscatella</a>
</blockquote>
The U.S. mobile gaming consumer spending in May 2024 showed a 13% growth compared to May 2023, according to Circana’s data. The data confirmed that the PlayStation Portal was ‘the best-selling accessory’ in dollar sales for year-to-date 2024.
&nbsp;
Cryptopolitan reporting by Collins J. Okoth

U.S. spending on gaming hardware declines by 40% in the first half of 2024

Table of Contents

Cryptopolitan_News

Other articles published on Jul 9, 2024

Experts Analyze the Impact of German Government’s Major Bitcoin Sell-Offs

Polygon price loses final support despite strong on-chain metrics

Earn Passive Income in Crypto for Free by Participating in the MoonBag Referral Programme

Consensys Launches MetaMask Delegation Toolkit for Enhanced Blockchain Development!

Render & ICP Crypto Predictions Struggle for Spotlight; Crypto Miners Eye Potential $60,000 Daily...

MoonBag Coin: Cruising Through the Crypto Time Machine, Leaving Dogwifhat and The Graph in the St...

Join our free newsletter for daily crypto updates!