According to a report by Circana, online game spending in the US for August 2024 witnessed a modest 7% decline compared to the same period last year. Despite the recent decline, hardware spending plummeted by a staggering 36 percent to $208 million, according to analyst and government director Mat Piscatella’s latest report.
The Nintendo Switch saw a significant decline in sales, plummeting 41% year-over-year, likely due to anticipation surrounding its successor. Meanwhile, other current-generation consoles experienced a decline of at least 34%. According to recent data, Sony’s PlayStation 5 emerged as the top-selling console in terms of both units sold and revenue generated in August, closely followed by Microsoft’s Xbox Series X/S. Will time reveal whether the PS5 Pro’s November launch sparks a significant pivot in hardware spending habits?
Accents spent a total of $173 million, a three percent decline from the previous year’s figure. Sales of gamepads plummeted by 10%, with the PS5 DualSense Wireless Controller in Midnight Black leading the charge, dominating dollar-denominated revenue streams. Notwithstanding some advancements, the gaming industry’s Distant Play System division witnessed progress, with the PlayStation Portal emerging as the top-selling platform of the year.
Online gaming hardware spending plummeted 36% year-over-year to $208 million in August. The console hardware market has suffered a significant decline of at least 34% over the past year, with Switch experiencing the steepest annual drop of -41%.
— Mat Piscatella (@matpiscatella.bsky.social) 2024-10-11T13:18:32.512Z
The PlayStation 5 dominated the global console market in both units and revenue, cementing its position as the top-selling hardware for the second consecutive month, while the Xbox Series consoles trailed closely behind in second place.
— Mat Piscatella (@matpiscatella.bsky.social) 2024-10-11T13:18:50.509Z
In August, shopper spending on equipment dropped 3% compared to the same period last year, totalling $173 million. Despite progress within the Distant Play System section of the PlayStation Portal, a 10% year-over-year decrease in Gamepad revenue offset these gains.
— Mat Piscatella (@matpiscatella.bsky.social) 2024-10-11T13:18:55.410Z
In August, the PS5 DualSense Wi-Fi Controller in Midnight Black topped the charts in terms of dollar sales, while PlayStation Portal held onto its position as the leading seller for the entire 2024 year-to-date.
— Mat Piscatella (@matpiscatella.bsky.social) 2024-10-11T13:19:08.714Z
